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Global Recession: These Two Leading Indicators Confirm It’s Almost Here

Global_RecessionThe economic-related statistics being released on an almost daily basis are gruesome…and the chances of a global recession are becoming imminent. How bad is global trade? Talking numbers, between 1983 and 2008, on average, global trade grew at about six percent per year. Now this rate is down to just three percent. Here’s something.

Economic Collapse: Recession Looms After Industrial Production Data Disappoints

Economic-CollapseJanet Yellen and the ‘MIT Gang’ at the Federal Reserve are bragging about America’s business recovery, but new Industrial Production data shows the U.S. economy may be on the verge of recession. Economists had low expectations for the August Industry Production report, predicting a 0.2% month-over-month drop in the total value.

Canadian Economy Hit by Recession

Canadian Economy Now In RecessionThings aren’t going so well for our neighbor in the north. On Tuesday September 1st, Statistics Canada reported that real GDP (gross domestic product) in the Great White North declined for the second consecutive quarter, sending the country into a technical recession. (Source: Statistics Canada, September 1, 2015.) In June, real.

Canada Officially Enters Recession; China Stock Market Crash to Blame

Chinese-Stock-Market-CrashThe impact of China’s stock market crash is sending shockwaves around the world, leaving the global economy on the verge of economic collapse in 2016. On Tuesday, StatsCanada revealed the Canadian economy officially entered a recession. The country’s economy contracted by 0.5% during the previous three months, marking the second.

U.S. Economy: Why Recession’s Knocking

RecessionWhat used to be a leading indicator, the stock market has now become a lagging indicator. For months (in these pages), I have written about how sick the U.S. economy has become. Stock market investors are waking up to the reality that world economic growth is either non-existent or even contracting—albeit too late. The Dow Jones Industrial.

Weekend Reads: U.S. on the Verge of Recession?

U.S. on the Verge of RecessionIs the U.S. on the verge of a recession? Is Canada’s housing bubble about to burst? Will the stock market crash in 2015? Good Sunday morning! It has been a hectic few days here at Profit Confidential. Pour yourself a hot cup of coffee and enjoy these top stories from the previous week. Global Economy: Here Cometh Deflation “Early this.

Marc Faber: U.S. Recession is Coming

Marc FaberImage by Simon Cunningham
The Chinese economy is nowhere near growing at the rates government officials are claiming. That could result in a global stock market crash and even a recession for the U.S. economy. At least, that’s according to renowned financial commentator Marc Faber. During an interview on Fox Business Network’s

Recession Ahead for U.S. Economy; These Two Indicators Say Yes

recessionSome very interesting news (or should I say warnings) to share with my readers today… If you’ve been reading Profit Confidential for some time now, you know I am predicting a recession in late 2015 or early 2016. A recession is technically defined as two consecutive quarters of negative gross domestic product (GDP). We are almost.

U.S. GDP Contracts in 1Q15; Economy Halfway to a Recession This Year

U.S. GDPEarlier this year in Profit Confidential, I wrote that I wouldn’t be surprised to see the U.S. economy enter a recession in 2015. I got a lot of flak here from my fellow economists…even some of my customers thought that prediction was too far off. But, lo and behold; we are already halfway there. On Friday, according to the revised.

Recession in Late 2015 a Strong Possibility as U.S. Economy Slows at Alarming Pace

Recession in Late 2015Is the U.S. economy getting close to a recession? Rising business inventory and slowing consumption say yes. In these pages, I have argued over and over again that consumption data is important; it’s the biggest part of the U.S. gross domestic product (GDP) calculation. And, currently, consumption in the U.S. economy is stalling.
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