Peter Schiff: If the Federal Reserve does not urgently cut interest rates and announce a large-scale quantitative easing plan, it may trigger a stock market crash similar to that of 1987
Golden Finance reports that economist Peter Schiff has issued a warning about the rapid rise in U.S. Treasury yields, with 10-year yields reaching 4.5% and 30-year yields rising to 5%. He stated that if the Federal Reserve does not urgently cut interest rates and launch a large-scale quantitative easing program tomorrow morning, the stock market may experience a major drop similar to that of 1987.
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