The economic slowdown is widespread and not only contained in the eurozone, the U.S., or China alone," Lombardi points out. "One country after another is feeling the effects of it.
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New York, NY (PRWEB) September 09, 2012
In the article “Economic Slowdown Spreading Like Wildfire in Global Economy,” Michael Lombardi, lead contributor to Profit Confidential, reports that recently, activity at Chinese factories slowed the most in nine months and the U.S. Purchasing Manufacturing Managers index (PMI) fell to 47.8 in August, the lowest level since November 2011; all of which leads to the conclusion that the world economy is rapidly slowing down, according to Lombardi.
In the Profit Confidential article, Lombardi also notes that the PMI has been below 50 for the last 10 months.
“The economic slowdown is widespread and not only contained in the eurozone, the U.S., or China alone,” Lombardi points out. “One country after another is feeling the effects of it.”
Lombardi also says that Japan, the biggest trading partner with China, is witnessing an economic slowdown as well: “The trade deficit in July for Japan fell more than expected, with exports falling 8.1% from a year earlier,” he says.
Lombardi believes that the economic slowdown in China is a true example of the slowdown in the global economy.
“China’s exports grew by only one percent in July and factory output was at its lowest in three years,” reports Lombardi. “The country’s exports are falling while the central bank of China has been trying to stimulate the economy.”
According to the Profit Confidential lead contributor, the U.S. economy is highly affected by economic slowdown in the global economy, and growth in China’s economy is critical.
“The crises are now spreading,” states Lombardi. “The global economy is starting to show signs of an economic slowdown, and China’s economy acts as an indicator.”
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.