economist Peter Schiff warned that the US Treasury bond yields are rising rapidly, with the 10-year yield reaching 4.5% and the 30-year yield rising to 5%. He stated that if the Federal Reserve does not urgently cut interest rates tomorrow morning and start a large-scale quantitative easing program, the stock market may experience a major crash similar to that of 1987.
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Peter Schiff: If the Fed does not urgently cut interest rates and announce a massive quantitative easing program, it could trigger a stock market crash similar to 1987
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