The Next 'ECONOMIC EVENT' is Just Around the Corner

SPOKANE, Wash., Aug. 4, 2011 /PRNewswire/ -- Mr. Jim Shepherd of The Shepherd Investment Strategist is warning that the agreement on the US Debt Ceiling debate has not solved the world's economic problems and in fact has only delayed the inevitable – the likelihood of a worldwide stock market crash and the descent into a deflationary depression involving many of the developed world's economies.

Shepherd, who developed an economic model during the 1970s says his model has never failed to warn him of approaching disasters in the US economy – including the 1987 stock market crash and the 2008 financial crisis - and its warning signals are flashing brighter, not dimmer following the agreement of Congress to allow the nation to go deeper into debt.

During 2005, Shepherd warned that sub-prime mortgages would cause problems for the world's banking systems. During 2006, he warned that high oil prices were really acting as a brake on the economy and would not cause 'real' inflation to increase, as was being widely reported. About the same time Shepherd predicted that a major US slowdown would occur as consumerism - which accounts for 66% of GDP – would begin declining as American consumers began losing their homes or would be unable to re-mortgage them and unemployment levels would soar to levels not seen for many decades.

Jim Shepherd offers a financial newsletter www.investment-newsletter.com containing recommendations to investors who want to take control of their own financial future. He is frequently interviewed and quoted in the financial media and is recognized as being one of America's most astute and far sighted market analysts.

His readership includes a significant number of financial advisors who know they get trusted actionable information like during what many others called the "lost decade" from 2000-2010, during which his newsletter was up 102%. One 11 year subscriber and stockbroker for 34 years named Shepherd as "... the best in the business".

Web site address: http://www.investment-newsletter.com

SOURCE The Shepherd Investment Strategist