The U.S. economy continues to deteriorate, as evidenced by the latest figures. Within the past couple weeks, we’ve learned that new home sales fell to their lowest level in half a century, and existing home sales aren’t much better. Spending by both consumers and businesses is also slumping, largely due to a sluggish labor market.
These dismal data all contributed to a downward revision in second-quarter gross domestic product, and renewed fears of a double-dip recession. We’ve been warning about another recession, and even the risk of a depression, for months now. But the stock market is still trading on the day-to-day news, rather than reacting to the broader downward economic trend.
On this episode of Money and Markets TV, we do what the traders refuse to do: Look toward the future. But we do not just predict a market downturn; we tell you how to protect yourself from that downturn. Our experts recommend contrarian plays within the U.S., as well as international markets and other asset classes.
The goal for any investor over the next few months must be to protect your money, and our goal is to show you how to do that.
{ 11 comments… read them below or add one }