October 29, 2009

Unemployment Is Closer To 20% Than 10%

With the unemployment benefits extension being headline news I can’t help but think back to earlier this summer when Peter Schiff expressed that unemployment is closer to 20% than 10%. The unemployment numbers that the government produces are misleading. The unemployment data that the government uses does not include entrepreneurs and independent contractors who are self employed or “contract” employed.

in SubprimeBlogger

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
eXTReMe Tracker