Tuesday, May 26, 2020

Peter Schiff: Most of the Lost Jobs Aren't Coming Back


Market rallies on worst jobs report in history. Decimated gig economy isn’t even factored in. 

Majority of service industry jobs are not coming back. If nobody’s producing, nobody’s consuming. 

Market’s now factoring in negative interest rates. 

Second wave of layoffs coming. 

Businesses now at risk of regular shutdowns.

- Source, Peter Schiff