Machinery maker Caterpillar's second-quarter earnings surged 91 percent, helped by gains in sales of its equipment for industries like mining, infrastructure and energy.
Caterpillar is an industrial bellwether, so its earnings show that the recovery may have some steam.
Today. August 20th, 2014:
"[I]n October 2008, the month after Lehman failed and the Great Recession started, industrial bellwether Caterpillar underwent a series of 19 consecutive, record, declines in Global dealer retail sales
as of July 2014, that record is no longer valid, because starting with a -1% drop in Global retail sales in December 2012, CAT has now posted a new record of 20 consecutive global dealer retail sales declines, after a -9% Y/Y print for the month of July.