Jeffrey Gundlach is the founder of DoubleLine Capital

Speaking on his regular webcast

  • says the current economy looks like a depression
  • band projections on recovery are too optimistic
  • 35 million lower-paying jobs are at risk
  • Not plausible that Q3 will reverse Q2 economic drop
  • March low in stock market likely to be taken out

I am sure there will be more to come