Financial advisor Dennis Tubbergen believes the U.S. might be in another recession before the end of 2012.

Grand Rapids, MI -- (SBWire) -- 10/12/2011 --Dennis Tubbergen is a financial advisor, advisor to financial advisors, author and radio talk show host. In a blog he posted on his website on September 26, 2011, Tubbergen asks if the excessive debt we are currently experiencing will lead to an inevitable world recession.

“For some time now, I have been writing about my belief that the United States will be in another official recession before the year 2012 comes to a close,” begins Tubbergen. “By the time the economic numbers are revised down the road a piece, we may find that we are already in an official recession.”

Tubbergen goes on to say that a recession is often defined as a decline in Gross Domestic Product for two consecutive quarters. Gross Domestic Product is defined as: Consumption + Investment + Government Spending + or – Net Exports.

“With consumption and investment down, the last of the government stimulus money being spent, and huge government deficits likely meaning that significant future government spending will be non-existent, this simple GDP math formula leads me to the inevitable conclusion that another recession is all but a given,” states Tubbergen. “I believe that this economic downturn is different; it’s not inventory driven, but debt driven.”

Tubbergen notes that many world leaders are beginning to feel the same way, not just about the United States but about much of the rest of the world. He points to a September 22, 2011 article from The Financial Post.

The article reads in part, “Prime Minister Stephen Harper and his British counterpart, David Cameron, issued gloomy warnings Thursday that the world could be on the cusp of another recession unless key nations adopt some necessary economic measures. They made their blunt assessments in separate speeches to the Canadian Parliament Thursday evening.”

Harper also was quoted as saying, “. . .without a commitment by governments to cut rising deficits and reduce what are, in some cases, dangerous levels of national indebtedness – without things such as these, we will not avoid a recession.”

Cameron was quoted in the article as saying, “A long-term solution must tackle the fundamental problem. We must address the problem of excessive debt. Le me say again, it’s a debt crisis.”

“I believe that Cameron is right on,” concludes Tubbergen. “To paraphrase him, trying to solve a debt crisis by adding more debt is precisely the wrong prescription.”

Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in Grand Rapids, Michigan. Tubbergen is CEO of USA Wealth Management, LLC and has an online blog that can be viewed at http://www.dennistubbergen.com and a monthly financial newsletter that can be read at http://www.moving-markets.com. His weekly talk show The Everything Financial Radio Show is simulcast on two Michigan metro stations and also airs to over 600,000 financial advisors, with recent podcasts available at http://www.everythingfinancialradio.com.

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.