The Rising Influence of Rising Affluence

[jbog]

Recession?

I'm not sure I'd read that Cat's superb earnings into anything about the general economy.

To start with, the financials are great but the unit sales are still barely are reaching pre-pandemic levels, so these results are a result of financial terms more than anything,

If we do see a recession, it'll be on main street and not in the commodity/ utility sectors. We're going to have a rough time telling the difference between calling it a recession or a drop in living standards.