Grand Rapids, MI -- (SBWIRE) -- 09/10/2012 -- Financial advisor Dennis Tubbergen spends a lot of time informing his clients, listeners and readers about what is happening with the economy. Tubbergen is in his 6th year of hosting a financial radio show, with guest experts from around the world.
His guest this week is Karl Denninger, a founding contributor to the conservative blog market-ticker.org and one of the earliest members of the Tea Party movement.
Denninger was also the CEO of MCSNet in Chicago, one of the area’s first internet providers. He helped form FedUpUSA in the wake of the March 2008 Federal Reserve bailout of Bear Sterns and has been a guest on MSNBC, Glenn Beck and CNBC Reports.
Tubbergen, who is CEO of USA Wealth Management, LLC, is known for his weekly Moving Markets newsletter, which can be found at www.moving-markets.com. Tubbergen also writes a financial blog to keep his client and readers up to date on world happenings.
Tubbergen’s blog from August 30, 2012 is titled, “Faber: Odds of a Global Recession are 100%.”
“Dr. Marc Faber, a money manager and economic commentator who has been a repeat guest on my radio show, “The Everything Financial Radio Show,” was recently quoted in a CNBC article saying that the odds of a global recession are 100 percent,” began Tubbergen in the blog.
He quotes the August23, 2012 article in part, “There’s still a 100 percent chance the world heads into recession, Marc Faber, publisher of ‘The Gloom, Boom & Doom Report,’ told CNBC’s ‘Closing Bell’ on Thursday, echoing a call he made in May.
“Europe is already in a recession,” he said. “Germany is still growing very, very slightly, but is likely to go into recession soon.”
Faber believes growth in the U.S. is also falling off, and states the U.S. economy won’t see much growth for the next 6 to 12 months.
“I believe that Faber is right on point here,” explains Tubbergen. “Given the massive slowdown in China, the European sovereign debt mess that will likely require bank bailouts if bank failures don’t occur, and the likely slowdown in corporate profits, I believe that a worldwide recession is a virtual certainty.”
Tubbergen goes on to conclude he expects world economies to contract, some significantly, for a period of 1 to 2 years.
To read the blog in its entirety, go to http://www.dennistubbergen.com and select the blog for August 30, 2012.
Dennis Tubbergen and his Everything Financial Radio Show can be heard on Michigan’s WOOD 1300 AM and 106.9 FM stations, part of the Clear Channel network. The Everything Financial Radio Show can also be heard on WTKG 1230 AM Tuesdays from 8 to 9 a.m. Broadcast times for WOOD 1300 AM and 106.9 FM are Sundays at 9 a.m.
Tubbergen’s interviews with Karl Denninger will be available soon as a podcast at http://www.everythingfinancialradio.com.
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices at 961 4 Mile Road N.W. in Grand Rapids, Michigan. Tubbergen is CEO of USA Wealth Management, LLC and has an online blog. His weekly talk show The Everything Financial Radio Show is syndicated on two Michigan metro stations.
The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.