Schiff says the move to cut interest rates while the economy is strong supports his theory that the Fed can’t get away from interest rates at historically low levels, after attempting to do so at the end of December 2015.
However, he believes this time that calls for a stock-market and bond-market implosion and a collapse of the U.S. dollar are more likely than ever.
https://www.marketwatch.com/story/man-who-predicted-the-2008-financial-crisis-says-coronavirus-may-mean-his-bets-of-stock-market-carnage-are-finally-beginning-to-crystallize-2020-03-03
https://www.marketwatch.com/story/man-who-predicted-the-2008-financial-crisis-says-coronavirus-may-mean-his-bets-of-stock-market-carnage-are-finally-beginning-to-crystallize-2020-03-03
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