U.S. Economy: The Only Reason Jobs Are Being Created

The only reason jobs are being created is because so many Americans now have two or three part time jobs. We are destroying real jobs, goods producing, full time jobs, we are replacing them with service sector jobs, low paying, part time work. That is the real story!

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

This Recession Will Be Longer & Deeper

The U.S. Economy is in recession right now and this recession is going to last longer and be even deeper than the Great Recession of 2008-2009. So we are going to have to rename that recession because this one will be greater!

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

The Reason Why The Stock Market Is Going Down

The reality is the market is going down because it is a bear market, that is why it is going down. The market is going down because the U.S. Economy is in a recession and there is nothing the Federal Reserve can do about it unless it wants to lose its credibility or acknowledge that the economy is much weaker than they thought. (Select Sector Financial Select Sector SPDR ETF (XLF), Energy Select Sector SPDR ETF (XLE), 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.