There's no question Cat would be in the equation but when talking about the economy these days we're probably in a position we've never been in before.
We have a Fed and Central Bank that admittedly missed every sign that resulted in today's economy and here we sit expecting these morons know the road out. They're inept and I wouldn't think they could manage the corner 7-11.
They have set out to demolish the low to middle class with their current policies. They won't hurt Cat or many other companies because they're profiting from the inflation cycle. The only damage the internationals will feel is from the elevated dollar.