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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (753722)11/20/2013 12:59:14 PM
From: RetiredNow1 Recommendation

Recommended By
Brumar89

  Read Replies (2) | Respond to of 1577913
 
I'm still trying to find this "so-called" recovery that tejek keeps talking about. Where is it? I can't find it.

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For The First Time In Four Years Caterpillar Posts Negative Retail Sales Across The Board

Jim Chanos recovery

All "recovery watchers" are urged to look somewhere else than the just released monthly Caterpillar dealer retail sales. Because while in September there was some hope that North American industrial demand may finally be picking up when retail sales on the continent posted the first two month sequential increase since 2012 even as the rest of the world was stuck deep in negative territory, that hope too was just been dashed with October North American retail sales posting the first decline of -2% since July. And unfortunately while North American sales just rejected any glimmer of a localized recovery, the rest of the world just keeps getting worse and worse, with negative sales prints across the board for every region - the first time this has happened since February 2010. The only difference is that then the trend was higher. Now, well, it isn't.



As for the rest of the CAT story: we have covered it more than enough in the past - find more here, here, hereand here. And then there is, of course, Jim Chanos.