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Leading Financial Newsletter Profit Confidential Expects a Recession in 2013

06-11-2012 07:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Profit Confidential

GDP growth, US recession,stock market,michael lombardi,profit confidential

GDP growth, US recession,stock market,michael lombardi,profit confidential

Tax increases and government spending cuts in the U.S. are set to take place on January 1, 2013, and Michael Lombardi, lead contributor to Profit Confidential, thinks it’s a safe assumption this occurrence will send America into another recession.

In the article, “The 2013 U.S. Recession,” Lombardi calculates that the tax cuts and government spending initiatives enacted to help the economy “rebound” from the crisis and recession of 2007 will cost the American economy up to roughly $433 billion, or approximately 2.9% of U.S. gross domestic product (GDP).

“If GDP growth is expected to be in the two-percent range in 2013 and we subtract 2.9% from it, then we automatically get a recession number of -0.9% for GDP growth,” suggest Lombardi.

In the end, According to Lombardi most of these tax cuts and government spending programs will remain, adding to the problems of rising massive debt.

“By the end of this decade, the official U.S. national debt will surpass $20.0 trillion,” suggest Lombardi.

According to Lombardi many areas of the U.S. economy never exited the Great Recession of 2008.

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

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