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According to Michael Lombardi, lead contributor to popular financial newsletter Profit Confidential, U.S. home prices will fall in the three percent to five percent range in 2012. Where he differs from most economists on housing is that he does not believe that U.S. home prices will move up this decade
Michael Lombardi, lead contributor to Profit Confidential, is warning about how the Federal Reserve's actions of artificially keeping short-term interest rates at zero for five years and the $2.0-trillion increase in the money supply are extremely inflationary.
The probability of a U.S. recession is likely at less than 50%; however, there are increasing signals that a recession could emerge not only in the U.S. but in Europe as well, according to George Leong, long-time analyst and contributor for Profit Confidential.
According to popular financial e-newsletter Profit Confidential, recent catastrophic events in Europe will affect your own investments. Germany's bond auction resulted in the failure to find buyers for 39% of their supply. This was followed with an Italian bond auction that yielded rates more than double from October, in addition to Portugal and Hungary's debt being cut to junk status
Following the worst Thanksgiving week performance for the market since 1932, traders actually made money, according to popular e-newsletter Profit Confidential. Black Friday sales came in higher than expected and rumors that the International Monetary Fund (IMF) was about to give Italy a 600-billion euro loan caused a strong move up Monday in the markets.
Consumers opened up their wallets and took out their credit cards this Black Friday to the tune of $11.4 billion. This was the biggest year-over-year jump in consumer spending on Black Friday sales since 2007 despite consumer confidence in the U.S. being at its lowest level since March 2009.
Popular e-newsletter Profit Confidential reports that an independent annual audit of the Federal Housing Administration (FHA) has concluded that its cash reserves have fallen so low there is a 50% chance that the FHA itself will need a government-led, taxpayer-paid bailout in 2012.
Michael Lombardi, leading contributor to Profit Confidential, reports on the dangerous situation occurring in Europe: "Here's what investors know so far about the eurozone crisis. Ireland, Portugal and Greece have all asked for a bailout. Spain and Italy are next. The governments of both Greece and Italy have toppled."
Michael Lombardi, leading contributor to Profit Confidential, was in Miami last weekend and realtor after realtor was telling him that the biggest condo building bust in history has bottomed out and that it is rebounding with the U.S. housing market. Buyers are snapping up properties, one-third of them paying cash, and the best deals are gone.
Profit Confidential, the popular stock market and economic e-letter, says recent earnings reports, specifically same-store sales, of Wal-Mart Stores Inc. and Home Depot Inc. are a good indicator of current American consumer sentiment.found that caffeine could be at the heart of a reduced risk for basal cell carcinoma risk due to consumption of coffee.
Profit Confidential, the popular stock market and economic e-letter, says today that Europe's request for financial aid from China instead of the U.S. is proof that the balance of world economic power is shifting from the West to the East.