Monday, April 7, 2014

Low paying, part-time, temporary Jobs. That is what we got.

Low paying, part-time, temporary jobs. That is what we got. And is all we are going to get. That is the problem. We are not going to get the types of jobs we need, we are not going to get any improvement on the unemployment front.

And remember this is what the economy is doing with all the Fed`s help. Yes, they have tapered ever so slightly their QE program but the QE program is still here. Interest rates are still at zero and this is the best the economy can do.  So, ask yourself, what is going to happen if and when the Fed stops supporting the economy?

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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