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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.

Interest Rate Hikes May Cause Another Recession

Interest Rates to RiseLow interest rates create an incentive for retail investors, hedge fund managers, and banks to consider riskier assets that offer higher returns. Cheap money also makes it easy to borrow when the return exceeds the cost of borrowing. When short-term interest rates are low and unstable, investors are hesitant to borrow more and leverage.

Global Economy Remains Weak; Another Recession Coming?

Global EconomyIt has been six years since the global economy and U.S. entered the worst recession since the Great Depression. While many are championing the economic recovery, on closer inspection, it looks like history might repeat itself sooner rather than later. U.S. Economy Grows at Slowest Pace Since WWII The rate of growth in the U.S has been .
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Sep. 2, 2015
Trailing 12-month EPS for Dow Jones companies (Most Recent Quarter) $1014.15
Trailing 12-month Price/earnings multiple (Most Recent Quarter)


Dow Jones Industrial Average Dividend Yield 2.71%
10-year U.S. Treasury Yield 2.14%

Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.

Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.


Will slowdown in China affect the U.S. economy?

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From: Michael Lombardi, MBA
Subject: Golden Opportunity for Stock Market Investors

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