Just got off the phone with the richest man I know
He says equipment prices have absolutely collapsed.
He guesses that the huge equipment auction in Orlando next week is going to be a blood bath, we shall see.
He has been generally upbeat and doing very well with overseas sales during all but the first of the crash, but he says it absolutely died this year.
Here is his guess, the U.S. is financing equipment sales for as overseas aid, but with the condition it must be new. Cat and others will do well short term because people are getting free money from the U.S. to buy American equipment, but there is no market for virtually new equipment which will likely cause a collapse down the road.
The Ponzi of painting earnings for F500 companies will end. We need a real President and a real (not painted) economy.
While it sounded good, much of what Obama proposes wont happen. He is already under pressure from Repubicans to cut spending, and increase revenue. Translation: cut spending = higher unemployment, sdfasdfasdfasdfasdfasdfasdfdfasdfasdfasdfdfdddddddddddddddddddddddddddddffincrfe