Manufacturing Data Warn of Global Recession, According to Leading Financial Newsletter Profit Confidential

According to Michael Lombardi, lead contributor to Profit Confidential, the talk of a global recession is picking up momentum after manufacturing data from most parts of the world for July came in much weaker than expected.

In the article “Slowing Worldwide Manufacturing Numbers Point Directly to Global Recession,” Lombardi cites China’s manufacturing data, noting they rose month-over-month, but remained in contraction at the lowest reading in eight months.

When looking within the data, Lombardi notes 10 of the 11 components that make up the index fell, including manufacturing jobs, declined in China at the fastest rate in three years.

Lombardi also points out that the number of new orders—an indicator of future growth trends—was the weakest in three months.

“This highlights the fact that this export giant of the world is signaling that its export markets—particularly Europe and the U.S.—are weak, which is indicative of a global recession,” reasons Lombardi.

The Profit Confidential lead contributor notes that the three largest economies in the world: the U.S., China, and Japan—along with other significant countries of the world—are experiencing contractions in manufacturing and manufacturing jobs.

“Global recession talk is justified, as these numbers not only continue to deteriorate, but also mirror each other,” says Lombardi. “It highlights how interconnected the world is and illustrates how no country can escape the coming global recession.”

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.