Industrial Insight

CAT the canary | October 24, 2013

http://www.cnbc.com/id/101138596

Is Caterpillar the canary in the coalmine?

Published: Wednesday, 23 Oct 2013 | 11:25 PM ET

A gloomy quarterly earnings report from Caterpillar – the world’s largest equipment maker – should be treated as a warning sign for the global mining industry, analysts told CNBC.

Caterpillar, widely considered an economic bellwether for the mining industry, posted lower-than-expected quarterly profits Wednesday and cut its full-year forecast for the third time this year.

Advertisements

Posted in Uncategorized

Leave a Comment »

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

Search

Navigation

Categories:

Links:

Archives:

Feeds

%d bloggers like this: