GUNDLACH: We're at a 'moment of truth' that could break either way
Thomson Reuters
- DoubleLine Capital CEO Jeffrey Gundlach says we are at a "moment of truth" in the markets.
- Now is not the time to have strong conviction.
- The situation is set to explode in 2019.
At the Strategic Investment Conference 2018, Jeff Gundlach from DoubleLine Capital said that we’re at a “moment of truth” that could break either way. So, now is not the time to have high conviction about the economy or markets.
Showing a chart of the US budget deficit as percent of GDP, Gundlach warned investors about rising deficit without a recession. The deficit combined with with the Fed’s balance sheet roll-off, will mean $2–$3 trillion in new Treasury issuance.See the rest of the story at Business Insider
NOW WATCH: The science of why human breasts are so big
See Also: