Peter Schiff on the weak economy and Beckworth on how central banks get it wrong

Our lead story: According to the ADP private payroll report, US companies added 208,000 workers in the month of November. The increase indicates a steady progress in the labor market and follows a revised gain of 233,000 jobs the prior month. Falling energy costs and resilient domestic demand encouraged employer to add jobs, even as global economies have struggled recently. Erin weighs in. Then, Erin is joined by Peter Schiff – CEO of Euro Pacific Capital. Peter gives us his take on ADP’s recent private employment report and tells us what he makes of the Swiss referendum’s failure to force the Swiss National Bank to hold more assets in gold. After the break, Erin sits down with David Beckworth – adjunct scholar at The Cato Institute and assistant professor of economics at Western Kentucky University. David responds to recent Boom Bust guest David Henderson’s claim that he isn’t supportive of the Federal Reserve and gives us his take on why inflation targeting is wrong. And in The Big Deal, Erin and Edward Harrison discuss the hyperventilation over the fall in Russia’s currency and the autumn statement by UK Chancellor of the Exchequer George Osborne. Take a look!




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.