Profit Confidential Announces Four Key Indicators Suggest the U.S. is Already in a Recession
New York, NY, May 18, 2016 – Profit Confidential(www.ProfitConfidential.com) an e-letter of Lombardi Publishing Corporation, a 30-year-old consumer publisher that has served over one million customers in 141 countries, is announcing that four leading economic indicators suggest the U.S. economy is in a recession.
“On April 28, it was revealed that the U.S. economy advanced just half a percent in the first quarter of this year, marking the worst performance in two years,” says economist and lead contributor Michael Lombardi. “But that wasn’t really a surprise, as many economic indicators have already confirmed that the U.S. is in a recession.” (Source: “National Income and Product Accounts Gross Domestic Product: First Quarter 2016 (Advance Estimate),” U.S. Bureau of Economic Analysis web site, April 28, 2016; http://www.bea.gov/newsreleases/national/gdp/2016/gdp1q16_adv.htm.)
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