Reuters with the headline comments from Gundlach
- Says global stock market signals economic weakness
I guess if you reckon the stock market is some sort of discounting machine you might agree, no? Or, is it something else entirely?
more:
- Congressional election could result in another widening of the deficit
- US rates could move higher, not lower, in next recession due to massive supply of bonds
Rates higher in next recession? nah …. can't see it myself
More again:
- Says he is monitoring European banks and credit Suisse, they're near lows
- Bullishness on USD is extraordinary, likely to end … USD not likely to hit new highs
That last comment (bolded) G calling a top for the USD. Always a tricky pursuit given trend is your friend etc.
More;
- Driver of US economic growth is deficit spending, borrowing from the future
- Rising deficits and the Fed hiking rates is alarming
Gundlach is CEO of Doubleine Capital, ginormous money manager
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No whining now, K?