Monday, March 9, 2015

Job recovery is phony

We had a recovery in the stock market, asset prices went up. We had a recovery in the real estate market, but we didn’t have an economic recovery. Did we recover the jobs that we lost—no.

We recovered jobs, but not the ones that we lost. We lost higher paying full-time jobs, and we gained lower paying part-time jobs.

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009