Financial markets displayed mixed activity, with S&P 500 gaining 0.52% while Dow Jones and Nasdaq declined. Amidst trade tensions, Bitcoin maintained stability, crossing 87,000 USD, contrasting with the volatility of other cryptocurrencies.
Peter Schiff alerted that tariff policies could lead to a recession more severe than the Great Depression, predicting mass layoffs and bankruptcies in the retail sector. He emphasized that economic conditions are deteriorating, influenced by high inflation and interest rates.
Leave a Reply