New York, NY (PRWEB) July 14, 2012
Michael Lombardi, lead contributor to Profit Confidential, is paying close attention to the current Manufacturing ISM Report on Business, a national survey published by the Institute for Supply Management (ISM) that gauges the health of the manufacturing sector. According to Lombardi, in the most recent survey, the number dipped back into contraction territory for the first time since July 2009, indicating a recession is possible.
“The last time this survey was indicating an economic slowdown here in the U.S. was July 2009, when the U.S. economy bounced from the economic slowdown and was seen by some to be coming out of its recession,” says Lombardi.
In the article “Key U.S. Economic Indicator Plunges,” Lombardi notes that the new orders numbers are a key indicator of future growth trends.
“There is no other way to put it other than the number plunged in June by 12.3%,” says Lombardi.
Lombardi claims this is an indication of less demand from consumers and businesses in the U.S.
“The export gauge also fell into the contraction area,” says Lombardi. “The reason for the fallout was explained by the soft demand coming from China and Europe. It’s a vicious circle caused by a global economic slowdown.”
Lombardi notes the manufacturing sector of the U.S. economy was one of the bright spots during the economic slowdown after the financial crisis. Now that manufacturing is contracting as well, Lombardi believes the economic slowdown is kicking into high gear.
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.