America cannot escape the economic problems in the eurozone. The Fed can’t come to the rescue of the eurozone. I believe that the economic conditions in the eurozone are far worse than the majority of investors realize.
Past News ReleasesRSS
New York, NY (PRWEB) December 21, 2011
The euro was recently at a three-year low against the U.S. dollar. Concern over the eurozone is causing growth in Europe to stagnate. The euro is trading as if the break-up of the eurozone were a foregone conclusion, says Michael Lombardi, lead contributor to Profit Confidential.
“America cannot escape the economic problems in the eurozone,” says Lombardi. “The Fed can’t come to the rescue of the eurozone. I believe that the economic conditions in the eurozone are far worse than the majority of investors realize.”
As far as Lombardi is concerned, the Fed has been helping the markets for the past three years. The Fed has greatly expanded the money supply and reported that it will keep short-term interest rates near zero until mid-2013.
“Yesterday, after the Fed’s scheduled policy-setting meeting, the Fed hinted again that it stood ready to do more if the eurozone crisis gets out of hand,” says Lombardi. “By the end of the day, the Fed basically failed to announce any new measures that would increase the money supply further and Wall Street sent stocks lower.”
Lombardi believes we are getting close to the end of the bear market rally in stocks that started in March of 2009, a rally fueled by government debt and central bank money printing.
“All we will be left with is rapid inflation.”
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.