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 an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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