Saturday, May 7, 2011

David Rosenberg, April Jobs Data Shows Squeeze in Wages

David Rosenberg, The Headline is about the only good number that was in the report , we have actually lost a 190 thousand jobs , the fact that the employed population ration actually went down by a tenth of the percentage point , ..the question is what industry is filling these jobs , .what matters for spending and GDP is income ...we are climbing out of a deep hole....David Rosenberg, is chief economist at Gluskin Sheff & Associates, talks about the April U.S. jobs report and the outlook for the economy. Payrolls increased by 244,000 workers last month, the biggest gain since May 2010.

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Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.