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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Odaily Planet News: Economist Peter Schiff warned that U.S. Treasury yields are rising rapidly, with 10-year yields reaching 4.5% and 30-year yields climbing 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 could experience a significant drop similar to the crash in 1987.
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