U.S. Economy: A Dismal Jobs Report

The actual number was 126,000 jobs. That is it. That is the fewest number of jobs that we have created since December of 2013. That means we did better in the Polar Vortex during January, February and March of 2014. This was worse than those numbers.

Now to add insult to injury, they went backwards and they took 67,000 jobs away for the last 2 months.

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 U.S. Dollar Rally Is False

The U.S. dollar is still on the defensive, it has not imploded yet, but it is not making new highs anymore. And I think that the speculators that have been buying up dollars (and again, this is the most crowded trade, long the dollar, short just any other currency), the speculators who are on this trade are having a hard time acknowledging that it is not working out. It is very tough to break this trend. You get all this news that keep coming out that should be lifting lightbulbs on people`s heads.

The whole rationale for the strong dollar is based on a strong U.S. Economy and the Federal Reserve raising rates. Well, if the U.S. Economy is not strong and if we are getting back into recession, if the Federal Reserve is going to be doing QE4 then the U.S. Dollar`s rally is all false.

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