If you have plunging corporate profits, you have plunging productivity, surging labor costs, what would a rational person believe is likely to follow, layoffs! It has to happen.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 11, 2015
Gold Market Outlook
Related trading instruments: SPDR Gold Trust ETF (GLD), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 10, 2015
U.S. Economy: A Declining Productivity Is Not A Good Sign
One of the worst pieces of news that came out was the revision to the first quarter productivity. It declined by 3.1%. That is a big drop. Remember this are back to back declines because we also had a decline in the forth quarter of last year. That has not happened since 2006!
Related Exchange Traded Funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related Exchange Traded Funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)
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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