Gundlach Says U.S. Debt is “Horrific”

During his annual “Just Markets” webcast last month, DoubleLine Capital chief investment officer Jeffrey Gundlach called the growth of U.S. national debt a “horrific situation,” likening it to “every household in America maxing out three $5,000 credit cards.” This according to an article in Bloomberg. Here are some other insights Gundlach offered during the webcast: Some recession indicators, such as junk bond spreads, consumer expectations and homebuilder confidence, are “flashing yellow;” If the U.S. dollar… Read More

Federal Debt on a Suicide Mission, Says Gundlach

In a recent webcast, the founder and CIO of DoubleLine Capital says the federal deficit is putting the U.S. on a “suicide mission.” This according to an article in Advisor Perspectives. Jeffrey Gundlach warned that “The federal debt is exploding,” citing Congressional budget Office projections showing that by the year 2030, the country’s federal debt-to-GDP  ratio will steadily rise from its current level of 80% to 125%. To see such a deficit expansion so late in… Read More