Saturday, February 22, 2014

The Real Unemployment Figures

The official unemployment figures are meaningless because there would not be such a big concern if the unemployment rate was really 6.7 percent. Because that does not tell the whole story. So many people have just given up looking for work, they are so discouraged by the poor labor prospects that they are no longer being captured by the statistics or they are working part-time but they really want full-time 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.

No comments:

Post a Comment

Popular Posts This Month