U.S. Nears Recession, Predicts Leading Financial Newsletter Profit Confidential

Share Article

The National Association for Business Economics (NABE) is a professional organization that, among other things, conducts surveys of its corporate members, focusing on business economics. According to NABE, its latest survey, conducted in June 2012, reflects deteriorating economic conditions in the U.S.; Michael Lombardi, lead contributor to Profit Confidential, translates this to mean we could be headed into a recession.

U.S. Nears Recession, Predicts Leading Financial Newsletter Profit Confidential

U.S. Nears Recession, Predicts Leading Financial Newsletter Profit Confidential

Lombardi believes this certainly adds to the credence of a recession brewing, which will not help jobs growth. He notes, “This is the lowest reading in over a year.”

Past News Releases

RSS

The National Association for Business Economics (NABE) is a professional organization that, among other things, conducts surveys of its corporate members, focusing on business economics. According to NABE, its latest survey, conducted in June 2012, reflects deteriorating economic conditions in the U.S.; Michael Lombardi, lead contributor to Profit Confidential, translates this to mean we could be headed into a recession.

In the article “Moving Closer and Closer to a U.S. Recession,” Lombardi says this NABE report shows the lack of future jobs growth.

“In the previous survey, 48% of the corporations surveyed said they were going to maintain their employees but not hire anyone else: that means no jobs growth,” says Lombardi. “In June 2012, 62% of corporations said they were going to maintain the status quo when it came to employment: no jobs growth.”

Lombardi believes this certainly adds to the credence of a recession brewing, which will not help jobs growth. He notes, “This is the lowest reading in over a year.”

In the report, only 39% of respondents expected rising sales at their businesses over the next six months. This was in contrast to the previous reading of 60%. Lombardi reports, “This too was the lowest reading in over a year.”

Lombardi says that large and small businesses in this country admit that they will not contribute to jobs growth, and keep talking about how sales are falling and how they will not invest in capital projects. According to Lombardi, this is recession talk.

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