"Despite the good intentions of the Obama Administration and all its efforts to jump-start the economy, the United States is on the cusp of falling back into recession,” says Michael Lombardi.
New York, NY (PRWEB) September 13, 2011
The editors of Profit Confidential feel so strongly about their newest prediction, they’ve decided to present their "Critical Warning Number Six" in a new video.
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 $300.00 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%.
Michael Lombardi, one of the lead contributors to Profit Confidential, believes that America has not escaped the damage of the housing bubble and credit crisis of 2008. Lombardi was quoted as saying, “The economy is slowing down dramatically. Manufacturing is growing at its worst pace in 12 months. Consumer spending is drying up. Despite the good intentions of the Obama Administration and all its efforts to jump-start the economy, the United States is on the cusp of falling back into recession.”
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 Profit Confidential.