Caterpiller CEO: "We don't think that the world has ended"

[omagh]

I've been noticing the same doom-and-gloom everywhere, but transportation indices are creeping upward and hotel occupancy rates are increasing which are also signs that the world hasn't ended.  This Caterpillar interview is a bit over the top, but indicative of optimism in heavy equipment sales.

 

http://finance.yahoo.com/news/Caterpillar-CEO-says-no-apf-2091456021.html?x=0&.v=6

 

Oberhelman said he doesn't agree with the negative outlook most people making predictions about the economy employ.

"There seems to be a doom and gloom out there in the punditry," Oberhelman said. "We're not seeing that."

Caterpillar said equipment sales in the Asia Pacific region surged 41 percent in July, and North American sales improved 38 percent over last year.