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Peter Schiff: Look Out for a Triple-Dip Recession

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June 23, 2011 – Comments (0)

The fact that investors refuse to shy away from Treasurys, which offer a negative real yield for maturities up to 10 years, shows the economy is in deep trouble, many experts say.

The Federal Reserve may feel compelled to embark on another round of quantitative easing (QE3) after QE2 expires June 30, they say.

That would be the kiss of death for the economy, says Peter Schiff, president of Euro Pacific Advisers.

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