First published in July 2011, Lombardi’s Crisis Profit Alert is an exclusive, monthly subscription-based investment advisory that provides access to a vast array of timely economic information and in-depth analysis on the stock market.
Subscribers from around the world turn to Lombardi’s Crisis Profit Alert because of publisher Michael Lombardi’s accurate predictions.
In 2002, Lombardi started advising readers to buy gold-related investments when the precious metal traded under $300.00 an ounce. In 2006, Lombardi predicted the housing bubble; and, in 2007, long before analysts even had it on their radar, he warned about the impending recession in 2008, and to get out of the markets. Lombardi also famously told readers to get back into the stock market in March 2009, right when it bottomed.
The accuracy of these forecasts has led to a wide following for Lombardi’s Crisis Profit Alert. Lombardi is now warning of further financial challenges that will be bigger than the credit crisis of 2008.
Lombardi’s Crisis Profit Alert explains that the U.S. economy is slowing, and that job growth in this so-called economic recovery has been meager. Even after the government pumped trillions of dollars into the U.S. economy in an attempt to revive it, American corporations ended 2012 with their slowest quarterly profit growth in three years.
Last year was the worst year for new home sales in the U.S. since 1963! And, a glut of foreclosed resale homes still overhangs the housing market. Despite media stories to the contrary, the housing market is still struggling.
The underemployment rate stands at 15% and banking is still a mess. Europe’s debt crisis is a huge problem for American banks; their exposure is close to $1.0 trillion. Many European countries are in a recession again, and Lombardi’s Crisis Profit Alert warns that the United States could be on the cusp of falling back into a recession. Some will call it a new recession. Lombardi’s Crisis Profit Alert calls it “Recession Part II.”
The biggest problem facing America is its looming bankruptcy. The current U.S. deficit is $1.3 trillion. The official national debt exceeds $16.0 trillion. America’s unofficial national debt, when you take into account unfunded liabilities and entitlement to our citizens, is closer to $100 trillion.
Politician after politician has failed to reduce government spending. Their belief is that spending more money will fix the economic problem. Well, they’ve spent trillions since 2008 and things are still a mess. And, it’s only going to get worse.