It could be called the Great American Dichotomy: As the rest of the world struggles, the American economy continues to slowly grow. But some traders say that investors are making a big mistake if they think this divergence will continue forever.
After Caterpillar (CAT) released earnings Thursday, CEO Doug Oberhelman told CNBC’s ” Squawk Box “: “We’ve seen a real dichotomy here in the world. The U.S. growing fairly slowly but growing steadily, and everywhere else, there’s not much good news outside the U.S. China is down significantly year over year. Brazil is weak economically. And Europe is still kind of flat but in our case down year over year.”