The recent jump in Treasury bond yields indicates that the US is barreling towards a potential recession and market meltdown at an increasingly fast pace, according to former Republican congressman Ron Paul.
The former congressman acknowledged that his previous predictions of a downturn haven’t come to pass, but said that it’s just a matter of time, based on the looseness of US monetary policy since the 2008 financial crisis.
“I know it’s going to happen,” Paul said. “It will come, and the bubble is bigger than ever before.”
Read more at RT.