Tuesday, May 6, 2014

The Jobs Report Unreliable

The other problem with the jobs report is the quality of jobs that were created. They're most in low-paying, service sector type jobs, part-time jobs, temporary jobs. They're not legitimate jobs where you can support a family, pay a mortgage, they're not indicative of a growing economy but of a weakening economy." - News Max

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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