Welcome to the recovery!
– Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010)
– For Caterpillar, This Is What The “Second Great Depression” Looks Like (ZeroHedge, May 20, 2015):
To put Caterpillar’s ongoing second great depression in context, during the Great Financial Crisis, CAT suffered “only” 19 months of consecutive retail sales declines. As of April 2015, this number is now 29, and there is no hope in sight of seeing an annual rebounce any time soon.