Friday, May 4, 2012

Peter Schiff : April Jobs Report is a Disaster

Peter Schiff : three times as many people left the labor market as found jobs , that's a disaster , why are 300 thousand americans taking themselves out of the labor force ? because there is no jobs available and so they rather and so they rather go on disability or early retirement or whatever they're doing , but we are not creating enough jobs , if you look at the jobs that we created we still creating the wrong kinds of Jobs , it's still mainly service sector retail finance healthcare education , we only created 16 000 manufacturing jobs ......

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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