openPR Logo
Press release

Another Housing Market Bubble About to Burst, Alarms Leading Financial Web Site Profit Confidential

04-05-2012 05:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Profit Confidential

housing market,home prices,gold,bear market rally,michael lombardi,profit confidential

housing market,home prices,gold,bear market rally,michael lombardi,profit confidential

Canadian home prices have increased steadily since the financial crisis hit and Michael Lombardi, lead contributor to popular financial newsletter Profit Confidential, believes that Canada is potentially setting up for a very nasty fall in home prices.

In his recent article, Canadian Housing Market Reminiscent of U.S. Housing Market of 2006, Lombardi outlines the basics of this thesis.

“Canadian banks are responding to the slowing housing market and are trying to reinvigorate home prices and the housing market,” suggest Lombardi.

Lombardi states that, unlike the Federal Reserve’s response in 2007, the Bank of Canada is extremely worried about the housing market in Canada, repeatedly warning that Canadians are getting into too much debt.

“When the housing market finally popped toward the end of 2007 here in the U.S., the average American’s debt-to-income level was 127%,” suggest Lombardi. “In Canada, the average Canadian is setting record levels of debt-to-income among industrialized nations at 151%.”

According to Lombardi, there are more condo buildings going up in Toronto—with over 100 planned—than any other city in the world.

“People are buying into the Canadian housing market believing that home prices ‘can’t go down,’” suggest Lombardi. “This is similar to the feeling in America before U.S. housing prices started to collapse.”

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 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 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.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter.

Profit Confidential
350 5th Avenue, 59th Floor New York, NY 10118

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Another Housing Market Bubble About to Burst, Alarms Leading Financial Web Site Profit Confidential here

News-ID: 216818 • Views: 1319

More Releases from Profit Confidential

Homebuilder Stocks Continue to Improve, According to Leading Financial Newslette …
According to George Leong, contributor to Profit Confidential, while home prices continue to slide across the nation, there have been improvements in the homebuilder sector. “An improving economy and some job creation are helping to attract buyers to the housing market and the hope is that prices will advance higher,” suggest Leong. In the article “Homebuilder Stocks Show Improvement, But Stay Selective,” Leong notes that builders are seeing higher demand down
Chinese Economy Could Crash; Special Report by Leading Financial Newsletter Prof …
After studying the economy and lowering his economic forecast based on numerous sources, both from the government and independent firms, Sasha Cekerevac, contributor to Profit Confidential, concludes the Chinese economy may soon crash. In the article “Is China a Ponzi Scheme?,” Cekerevac expresses his worry that if the Chinese economy were to crash suddenly, it would have a severe impact on the global economy, including the U.S. “Recent activity by Chinese
Pension Funds Hiding the Truth; Special Report by Leading Financial Newsletter P …
The situation for municipal pension funds is beginning to deteriorate, according to Michael Lombardi, lead contributor to Profit Confidential. Lombardi believes the main problem facing all states and municipalities is their budget deficits. In the article “Public Pension Funds Hiding the Truth?,” Lombardi suggest that what the states and municipalities are not telling the public is that they have not changed their future projection of earnings for their pension funds. “In this
U.S. to Fall into Recession; Economic Report by Profit Confidential, a Leading F …
May was the turning point for the global economy, according to Michael Lombardi, lead contributor to Profit Confidential, according to him the bottom is falling out from under the U.S. economy again, heading into another recession. In the article “The Inevitable U.S. Recession; Part II Starts,” Lombardi highlights several statistics that back up his assertion. “Manufacturing sank to a three-year low in May for the 17-member European Union,” suggest Lombardi. “The economic

All 5 Releases


More Releases for Lombardi

Jewellery Market Business Analysis 2019 | Growth Opportunities by Top Players: C …
A report added to the rich database of Qurate Business Intelligence, titled “Global Jewellery Market by Product Type, Players and Regions - Forecast to 2023”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the
Business Process Management Market to touch US$ 4.3 Billion by 2023 | Global Key …
Marketprognosis.com Publish a New Market Research Report On “Global Business Process Management Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023. Overview of the Global Business Process Management Market: The Global Business Process Management (BPM) Market was valued at USD 3.01 Billion in 2017 and is expected to reach a value of USD 4.3 Billion by 2023 at a CAGR of 6.22% over the forecast period
Business Process Management Market 2019 Top Companies Analysis: APPIAN, GLOBAL 3 …
The business process management (BPM) market was valued at USD 3.01 billion in 2017 and is expected to reach a value of USD 4.3 billion by 2023 at a CAGR of 6.22% over the forecast period (2018-2023). The scope of the report is limited to the type of deployment offered by major players, which involves cloud and on-premise. While the end users considered in the report include process improvement, automation,
Jewellery Market 2018 Global Analysis By key Players : Richemont, Signet Jeweler …
This report studies the global market size of Jewellery in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Jewellery in these regions. This research report categorizes the global Jewellery market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges,
Business Process Management Market is Trending with CAGR of 6.22% by 2023, Key P …
The business process management (BPM) market was valued at USD 3.01 billion in 2017 and is expected to reach a value of USD 4.3 billion by 2023 at a CAGR of 6.22% over the forecast period (2018-2023). The scope of the report is limited to the type of deployment offered by major players, which involves cloud and on-premise. While the end users considered in the report include process improvement, automation,
Recession Worsening in Europe, Leading Financial Newsletter Profit Confidential …
The unemployment rate in Europe is at its highest level since the inception of the euro, according to Michael Lombardi, lead contributor to Profit Confidential. In Lombardi’s recent article, Unemployment in Europe Hits Highest Level Since Inception of Euro, he describes the deteriorating situation in Europe. “The numbers are horrifying,” suggest Lombardi. “Youth unemployment rates as of January 2012 include Greece at 51.1%, Spain at 49.9% and Portugal at 35.1%.” Lombardi reiterates