"People are starting to realize that the deficit and debt are totally out of control," Gundlach says on CNBC's "Halftime Report" Tuesday.
"People are starting to realize that the deficit and debt are totally out of control," Gundlach said on CNBC'sGuldach said the "main reason" the yield curve between 3-year and 5-year Treasury notes is steepening is the ballooning deficit. Last year, U.S. national debt increased by more than 6 percent of GDP, he said. An even bigger deficit could mean trouble in a recession, said Gundlach, whose DoubleLine has $130 billion in assets under management.
A recession or downturn could "spark" a wave of downgrades from investment grade bonds into junk bonds, he said. In the first quarter, U.S. gross domestic product, or GDP, expanded by 3.2%, according to the Bureau of Economic Analysis. That was its best growth to start a year in four years.. Its five-year performance is one of the best in its category, but lagged most of its peers in 2019 with a gain of just 2%, according to Morningstar rankings.
Scary! All our politicians act like we are still rich - take away the printing press and we are Greece!
It's about time someone around here starts making some sense. That's about the first intellectual thing I've seen on Twitter. How did we fix the Great Depression? With debt. Cash is an investment of your wealth into an economic system similar to a bank note without interest. Your
And so are the liberals
No shit
hardball Which was the point of the Tax Scam. Putin wants us broke, tariff ridden to undermine agriculture, in ruin and unable to function under a president that is insane, incompetent and compromised
Well, he's not wrong.
this was weeks ago?
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