WHAT IF THE DEAD CAT DOESN'T BOUNCE?

As anyone who knows me will tell you, math is not my strongpoint. However, even a blind pig can root up a turnip every now and then. Regardless of the cheerleading in the media, these numbers tell me all I need to know about the state of the construction industry. Construction generally leads us out of recession. A 50% drop in sales year over year doesn't look like we're going anywhere.

Caterpillar Inc Releases Dealer Statistics for 3 months (May-July);

July Retail Machines sales -48% -filing
- July total retail machine sales -48% y/y (June -47% y/y, May -43% y/y)
- July total sales of reciprocating and turbine engines -33% y/y (June -32% y/y, May -21% y/y)
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