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Caterpillar (CAT) CEO Doug Oberhelman gives a sobering outlook for the world economy, saying...

Caterpillar (CAT) CEO Doug Oberhelman gives a sobering outlook for the world economy, saying that while the prognosis is not as bad as at the start of the financial crisis in 2008, it's more uncertain. "The storm clouds are around things that none of us know about - like what will happen with the political situation in Europe," Oberhelman says.
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Comments (7)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    CAT should either get a new CEO or give this dude some mood elevating drugs.
    20 Aug 2012, 06:23 AM Reply Like
  • metal27
    , contributor
    Comments (533) | Send Message
     
    TT,
    Perhaps you could loan him your rose-colored glasses. His comments seem pretty realistic to me.
    20 Aug 2012, 01:31 PM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Sorry, I had ocular transplants.
    21 Aug 2012, 10:09 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1464) | Send Message
     
    Interestingly he rarely ever sounds this bearish.
    20 Aug 2012, 09:33 AM Reply Like
  • jesse1999
    , contributor
    Comments (28) | Send Message
     
    He has been dumping stock for the last 3 years, Cat needs a new CEO, he has been for himself, not the company. Worst CEO that Cat ever has had.
    20 Aug 2012, 07:30 PM Reply Like
  • michel18
    , contributor
    Comments (2) | Send Message
     
    follow CAT down then Dow Jones down even faster, unless
    Mr. Bernanke tell the boys to buy CAT so he can avoid the " QE3' for now
    20 Aug 2012, 09:35 PM Reply Like
  • Brendan O'Boyle
    , contributor
    Comments (1199) | Send Message
     
    To be fair, the guy didn't say the economy is as bad as 2008, he said it is more uncertain.

     

    I would tend to agree, in 2008 we knew the economy sucked. Today who knows...
    20 Aug 2012, 09:47 PM Reply Like
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