Back in the summer of 2008, I told my hedge fund clients to sell everything. That saved them a ton of cash.
Then in the following March, I published a front-page article predicting an ‘oncoming and unexpected bull stampede.’ And that made people a lot of money.
In August 2015, I predicted a mighty steep drop in stocks ahead, and then in December, I warned about what would happen in January.
That got people out of this sell-off’s way (and it made my Short-Side Fortunes readers some ‘easy’ money, too).
Each one of those calls was the right one, and today, I’m here to tell you I see a dangerous situation shaping up.
That’s because, right now, the signs are telling me that the next global recession is coming soon.
Here’s what I’m looking at…
Scary Warning Signs Are Lit All Over
A recession is very simply defined as two consecutive quarters of negative economic growth.
In the real world, nation-states that experience negative growth over longer periods, interrupted by occasional paltry-positive readings of GDP are, for all intents and purposes, in a recession.
Countries now in recession include: Greece, Belgium, Italy, Portugal, Netherlands, Czech Republic, Venezuela, Brazil, Russia, Taiwan, and as of Monday, Ireland.
I believe the United States is closer than anyone realizes to joining them.
This post was published at Wall Street Examiner on February 5, 2016.