caterpillar

Not so much.

Seth Perlman/AP Photo
 

It's as good an indicator as any.

Caterpillar Inc. said its profits fell 6.4% last quarter. The construction equipment manufacturer said it expects much of the developed world will be in recession next year.

As we mentioned earlier, Caterpillar, like many companies, was having a hard time getting cash during the credit crisis.

categories: Understanding The Crisis

9:58 - October 21, 2008

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