Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.

Schiff, CEO and Chief Global Strategist at Euro Pacific Capital, shared his outlook on the economy.

The expert assured the economy is doomed.

On Benzinga's #PreMarket Prep show, Euro Pacific Capital's Peter Schiff was asked about the global economy's strength and fate amid talks about interest rates surging and November job numbers.

The expert stated the economy is not at all strong, adding, "Last month's job report was only hot in relation to what the expectations were [...] But, based on last year, it's only slightly above average," he explained.

Related Link: This Sector Is Surging On The Possibility Of A December Rate Hike

The Jobs Situation

"And, the last two job reports, back to back, were the weakest two job reports of the year. So, all we did was create jobs in October that we didn't create in August and September; so it really wasn't a strong report."