Shortest recession in history.
Didn’t listen to the conference call, did you?
The comments made by CAT’s execs on the US economy were rather negative. They don’t see any recovery in US engine sales in the trucking sector in ‘08, as had previously been projected. They’re basing most of their projections for revenue growth on overseas sales.
Cat’s comments on the call today reinforce the case for an oncoming recession in the US.