FORCE FIVE RECESSION HEADING TOWARD U.S.

Six Signs of a Coming
Recession in the U.S.

#1. Our economy lost 4,000 jobs in the month of August and the share of the working-age population that reports holding a job — has fallen to its lowest level in nearly two years.

#2. Oil hit $80 a barrel for the first time ever last week. Other commodities, such as wheat, also hit all-time highs and are up 89% in the last five months.

#3. Gold also crept up to $709.60 a troy ounce despite last week's stock market rally; the metal has rallied for four straight weeks and is approaching its all-time high!

#4. The Commerce Department reported that retail sales rose by an unimpressive 0.3% in August. What's more, if you back out autos, retail sales would have actually dropped by 0.4%.

Economists see a 1-in-3 chance of a U.S. recession. Others are less optimistic …

#5. The National Association of Realtors reported that pending home sales plunged 12.2% between June and July. That's the worst one-month fall on record! Some 5.12% of the country's mortgages are also now delinquent, meaning the borrower is at least 30 days behind on payments. That's the highest in five years.

#6. The U.S. dollar is in a free fall. The euro just touched a new record high against the greenback, and Canada's currency is trading at its highest level relative to the dollar in 30 years.

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