Peter Schiff: U.S. Economy, David Stockman, Unemployment, Gold

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Peter Schiff

Jobs Report, David Stockman, U.S. Economy, Gold

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Small Business Hiring Less Than Big Corporations

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(Business Insider) The U.S. economy added 236k jobs in February and the unemployment rate fell to 7.7 percent. As slow as hiring has been, small businesses have been hiring far less than the big corporations.

From TD Securities' Millan Mulraine: Labor market underperformance: The small business sector has generally been a key source of employment growth in the US economy, accounting for close to 55% of all the private sector jobs created between mid-2003 and the beginning of the last recession. Its overall contributions has fallen dramatically in recent years, accounting for a miserly 33% of the jobs created since the economic rebound. This disappointing performance has been reflected in the massive divergence between the plans to hire sub-component of the NFIB and its composite employment counterpart.

Mulraine writes that part of the problem is limited access to credit. "Indeed, while overall credit conditions have been on the mend, access to credit has generally been identified as a sour point for small business owners," he writes. "Consequently, the proportion of businesses indicating a willingness to increase capital spending has held steady at around 20%, which is well below the 30% average prior to the recession, suggesting that credit access has remained a binding constraint for both hiring and capital spending decisions."

Source

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Peter Schiff: The Real State of the Union 2013

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Peter Schiff

The Real State of the Union - 2013

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Peter Schiff: Congress Sells America Down the River to Avoid the Fiscal Cliff

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Peter Schiff

Congress Sells America Down the River to Avoid the Fiscal Cliff

In a disgraceful show of political expediency, Congress put its own political self-interest ahead of the national interest. They "saved" us from a contrived crisis of their own making, only to condemn us to far more horrific fate when the real crisis arrives. This one will come not because we went over the fiscal cliff, but because we avoided doing so. Going over the fiscal cliff merely represented a small down payment on the solution. By failing to make it, the ultimate price we will inevitably pay will be that much higher.

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John Williams: America in New Recession in 2013

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John Williams

John Williams of Shadowstats.com Interview: We're Going to Be in a New Recession in 2013

http://usawatchdog.com/ - John Williams of Shadowstats.com has long contended the Fed is really just using the weak economy to continue to prop up the banking system. Williams says, "If the Fed wasn't doing what it's doing . . . I'd presume you'd be on the road to a banking system collapse. The banking system is still in trouble." Williams warns the "open-ended" printing of $85 billion a month ". . . will be part of what will eventually become hyperinflation." And if there is no deal on the so-called "fiscal cliff," then Williams expects "heavy selling pressure on the U.S. dollar." Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist John Williams.

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Peter Schiff: Unemployment, GDP, Debates, Dollar, Gold!

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Peter Schiff

Peter Schiff: Unemployment, GDP, Debates, Dollar, Gold

Peter Schiff, Euro Pacific Capital.

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John Williams: America is Bankrupt, Economic Collapse in 2014!

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John Williams

John Williams of Shadowstats.com Interview: The Next Crash Will Be A Lot Worse

http://usawatchdog.com/ - Anyone who thinks the U.S. is in recovery should stop listening to the mainstream media and listen to John Williams. He heads up Shadowstats.com, and is one of the few economists who crunches the numbers to give unvarnished true statistics.

Adjusted for real inflation of about 7%, Williams says, "GDP has plunged, and we have been bottom bouncing" ever since the financial crisis started. Williams says, "The next crash will be a lot worse (than 2008) because it will push us into the early stages of hyperinflation." He predicts this will happen "by the end of 2014" at the latest.

Long before 2014, Shadowstats.com thinks there is a good chance of "panic selling of the U.S. dollar," if the Federal Reserve starts another round of money printing (QE3) to save the system and the big banks.

No matter what Williams predicts, "There will eventually be a crisis to bring the system down as we know it. We're on the brink." According to Williams, "at some point, you will see a new currency in the U.S."

The founder of Shadowstats.com sat down for a one on one interview with Greg Hunter to talk about the mathematical certainty of a systemic collapse in the not-so-distant future.

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Peter Schiff: Endless Fed QE, Paul Ryan's Hopeless Budget, Bond Bubble Bursting

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Peter Schiff

Endless QE, Ryan Budget All Hope No Change, Has the Bond Bubble Burst?

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Peter Schiff: Phony GDP Growth, Farmer Bailouts, Sub-Prime Auto Loans

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Peter Schiff

Phony GDP Growth, Farm Subsidies, Sub-Prime Auto Loans

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Peter Schiff: USA Jobs, The Real Fiscal Cliff, Obamanomics

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USA Jobs, The Real Fiscal Cliff, Obamanomics The Schiff Report - 7/9/2012

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Art Cashin: Dangerous Week Ahead for Markets

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Art Cashin: It's Going to Be a Dangerous Week Arthur Cashin, UBS Financial Services, discusses what he's hearing "on trains and at watering holes" about the outlook on this week's market.

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