A sale is a sale. Here or overseas.
Entire domestic market segments that show declines in sales means that there is a slowing economy.
You’re conflating your stock-picking with macro-economic analysis. It doesn’t work.
What Cat said on the conference call was not good for the US economy as a whole, ie, the issue of recession.
That’s why we can’t let the protectionists win. We would have recessions more often and deeper.