The phony-baloney economic recovery, bought and paid for with trillions of dollars of borrowed and printed money, is hitting a wall.
That’s the inescapable conclusion from the terrible numbers that just hit the wires this morning.
The latest:
The Institute for Supply Management’s index imploded, plunging to 53.5 last month from 60.4 in April. That was the lowest reading since September 2009, far worse than the “experts” were looking for!
Plus …
- Also this morning, ADP Employer Services dropped a bombshell — the economy created a meager 38,000 jobs in May. That was down a shocking 78% from April … missing what Wall Street expected (175,000 jobs) by a country mile!
- U.S. home prices have just suffered their worst decline in 16 months, plunging BELOW the LOWEST level of the entire 2007-2009 housing debacle! This means that the entire housing market recovery since that time is now gone, wiped out. It also means home owners now have a bigger incentive to walk away, sticking their bankers with the bill.
- Pending home sales are even worse, declining a whopping 12% or TWELVE times more than the 1% economists were expecting.
Heads Up:
Major New Investment Recommendations
Coming at Virtually Any Moment!
When blockbuster news like this explodes into the headlines, you really have only two choices: You can either run for cover or come out fighting and by doing so, grab huge profit potential.
The last time this happened, savvy investors who went on the offense could have made fortunes with investments that are designed precisely for this situation. For example,
- Between October 11, 2007 and November 21, 2008, an investment that surges when real estate stocks plunge jumped 166% in value …
- Between October 11, 2007 and March 6, 2009, an investment that soars when banking stocks sink jumped 241.9% …
Naturally, not all investments can go up that far in such a short period of time. Nor can we go back in time to grab them now. But these are just a small sampling of the many opportunities that were available!
All without shorting, futures, options or any complex strategies — all strictly with ETFs that you can simply buy low and sell high like any ordinary stock!
Now, with the housing bust striking anew and the economy starting to tank …
I’m getting ready to go for the similar kinds of opportunities, using the same investment vehicles that surged the last time around.
Within the next few days, I am going to issue a set of new trading recommendations to seize the moment. If you’d like to get them, you need to jump on board with me before then.
Best wishes,
Mike
Mike Larson graduated from Boston University with a B.S. degree in Journalism and a B.A. degree in English in 1998, and went to work for Bankrate.com. There, he learned the mortgage and interest rates markets inside and out. Mike then joined Weiss Research in 2001. He is the editor of Safe Money Report. He is often quoted by the Washington Post, Reuters, Dow Jones Newswires, Orlando Sentinel, Palm Beach Post and Sun-Sentinel, and he has appeared on CNN, Bloomberg Television and CNBC.
