Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression
By Tyler Durden
July 23, 2015
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And the cherry on top: there has now been an unprecedented 31 consecutive months of CAT retail sales declines. This compares to “only” 19 during the near systemic collapse in 2008.
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SO why is the stock market not going down?
The FED and its Zero Interest Rate.
The politicians and bureaucrats continue to borrow and spend to expand the welfare / warfare state.
Like the old war movie — i forget which — “get small in your hole”.
Bad times are coming.
Sooner or later, some very ugly chickens will come home to roost.
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