Key Indicators Signal Coming U.S. Recession, Reports Leading Financial Newsletter Profit Confidential

Share Article

Michael Lombardi, lead contributor to Profit Confidential, says that several key indicators are pointing to a U.S. recession, including the Institute for Supply Management (ISM) Index. Lombardi notes that besides the main manufacturing index, ISM also creates a non-manufacturing index to gauge how the services sector within the U.S. economy is faring. In June 2012, the non-manufacturing index fell to its lowest level since January 2010, Lombardi reports.

Key Indicators Signal Coming U.S. Recession, Reports Leading Financial Newsletter Profit Confidential

Key Indicators Signal Coming U.S. Recession, Reports Leading Financial Newsletter Profit Confidential

“The NFIB’s survey fell to the lowest level since October 2011 and has been at levels more closely related to recessions than economic growth: another key indicator,” says Lombardi.

Past News Releases

RSS

Michael Lombardi, lead contributor to Profit Confidential, says that several key indicators are pointing to a U.S. recession, including the Institute for Supply Management (ISM) Index. Lombardi notes that besides the main manufacturing index, ISM also creates a non-manufacturing index to gauge how the services sector within the U.S. economy is faring. In June 2012, the non-manufacturing index fell to its lowest level since January 2010, Lombardi reports.

“This key indicator is yet further evidence of a slowing U.S. economy,” he asserts.

In the article “Key Indicators Continue to Point to U.S. Recession Ahead,” Lombardi notes that in addition to this troubling development, the National Federation of Independent Business (NFIB) just released its monthly survey of small businesses in this country, another key indicator of economic growth.

“The NFIB’s survey fell to the lowest level since October 2011 and has been at levels more closely related to recessions than economic growth: another key indicator,” says Lombardi.

This survey notes frustration based on the fact that it had gained some confidence in 2012, but that in the last few months, those gains have been completely given back, according to Lombardi.

Within the index, Lombardi notes that the chances of increasing capital spending, hiring workers, and witnessing an improving economy were greatly reduced in the month of June.

“This key indicator is further evidence of a slowing U.S. economy that could tip into recession,” says Lombardi.

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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Michael Lombardi
Follow us on
Visit website