Economist Warns: Bond Market Now A “Great Big Bubble”
Investors poured into safe-havens last week as the coronavirus continued to create worry about the global economy.
Bond yields hit all-time lows with the yield on the 30-year US Treasury dropping below 2%. Meanwhile, stocks tumbled Friday, with every major index showing losses. The Dow was down 227 points.
Peter Schiff talked about what’s going on in the markets in his podcast on Friday. He said despite what the mainstream is telling us, the bond market is a great big bubble.
Peter said that stock prices would have dropped even further had it not been for the rise in