Tuesday, January 14, 2014

Employment Report: Lowest Job Creation In 3 Years

When the official number came out it was just 74,000 jobs created. That the lowest in more than 3 years. And in fact if you actually look at those 74,000 jobs, better than half of them are actually temporary jobs. In fact for all the talk about job creation and the economic recovery in 2013 the U.S. economy actually added fewer jobs in 2013 than it did in 2012.

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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