Economist Peter Schiff took to X on Thursday, warning of a potential market crash. What Happened: Schiff’s post highlighted the current market sell-off, the rise of safe-haven currencies like the Japanese yen and Swiss franc, and the fall of commodity currencies. “Markets are sounding an alarm,” he wrote. “If the #Fed doesn’t cut rates soon the #recession may start with a stock market crash.” U.S. stocks closed lower on Wednesday, with the S&P 500 and the Nasdaq Composite recording their worst day since 2022. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) shares fell 5% on Wednesday despite the co…
