connell: marc faber, the author of the boom doom and gloom report, i'm sure you know the name, painting a dismal picture of the economy. >> most people have not made money lasts 12 months or two years. the typical stock is down significantly. -- have actually diminished economy and stocks and economy sucks. connell: here to weigh in, jared levy, and joined by david dietze, point view management, who is the president there. caveat to all of this, people have been sentenced to life in prison who are more optimistic than marc faber. that said, david, how do you look at the economy and maybe do you agree with the good doctor or no? >> well i don't think mr. permabear earned his nickname because the s&p, which constitutes most important stocks down with dividends of 1%. well-advised clients have been making money. how? over the last three years the market is up 9% a year. most well-advised investors have a balanced portfolio. 10-year treasury over the last year has been up 5%. put the two together you have a positive return. finally our clients made 12% just from the middle of february as yo

you were just talking with marc faber there as well about the economy., as far as gdp goes, as far as views, there are a lot of libertarians, there are these progressive pockets and a lot of liberal press has started to turn against him. i will read one quote. daily cost -- daily os is turning against him and "mother jones," one of their key raters, painful to see a good person like bernie currenting into a sullen and resentful man. people thought he was the impassioned, wasn't typical politician, challenging the system, he was a little bit more likeable but now that he is saying, listen i really want to win and you know didn't condemn the violent expressions in nevada, he is taking a lot of heat from even people who would be supporters. neil: if you're a liberal and you lose "mother jones" and it is over. >> like -- neil: exactly. but is the sense that you're getting, deirdre, that if he, gets together a string of victories and hillary clinton gets to the 2383 by virtue of superdelegates but not conventional delegates, would he be able to make a pitch,

deirdre: mark, let me bring you in on this, we had an investor, marc faber saying americans are hurting is doing well and this is why sanders is doing well, whatever you think of the politics, those are the candidates talking most about jobs. is this the most important issue for the election? >> no doubt. and deirdre, the polling, the exit polls show that repeatedly, jobs and the economy outpace all the interests for sure. look, these stats you talk about the festering wounds of obama economic policies for the past seven years. you take a look at the numbers, additional numbers, between 2007, 2009, one sixth of all workers were laid off. today, still of those people, 14 million people are still looking for work or have settled for part-time jobs which is why our labor participation rate is so bad. deirdre: lowest since the 70s. >> this is called economic scarring that the figures show. deirdre: all right, harlan, i'm coming to you, we want to take a quick break. from the white house to a mansion, that is president obama's next move. to my next guest it rings as false, he says the presid

deirdre: editor of the gloom, boom, and doom report marc fabe faber.r this year, hiring of temp workers have ground to a halt, firms hire temp workers when expanding, they tend not to rebook if the economy is slowing. do you see this temp hiring freeze as a sign of concern? >> sure. it is. we get these conflicting signals on the labor market, it has been strong over the last year not great but good. when you see temporary employment numbers flatten out, that indicates that the embassyys are -- employmenties are pulling back a little bit, we're should be growing jobs at about twice the pace we are right now. this is a reluctance of. everies to take on new workers, they are so worried about where the economy is headed. deirdre: some say this is just the sign of a changing economy. more people either choose to be temporary workers or they are changing jobs, just the workforce itself is more like lego blocks? >> truth to that too. no question that we're turning more to a temporary. am situation. that is not necessarily because of the worker but because of