Money and Finance
- Stocks Won't Repeat Lost Decade, Gundlach Says (video)
Sept. 13 (Bloomberg) -- Jeffrey Gundlach, founder and chief executive officer of DoubleLine Capital LP, talks with Bloomberg's Tom Keene about the outlook for global stock markets. Gundlach also discusses Federal Reserve monetary policy and U.S. Treasuries....
- Gundlach - Two Dangers For Equity Markets
Don’t buy stocks – for real, this time. That was the message Jeffrey Gundlach delivered to investors last Tuesday. Among riskier asset classes, only equities have performed well since February 14, the date of Gundlach’s previous remarks to investors,...
- Gundlach: The Two Questions That Matter Most
Two questions stand out amid the complexity of the current economic and market environment, according to Jeffrey Gundlach, both of which relate to critical elements of fiscal and monetary policy and should guide portfolio construction for investors. Gundlach,...
- Gundlach Steers Clear Of Mortgage Reits
Investors should avoid real estate investment trusts that buy U.S. mortgage-backed securities because they’ll continue to cut dividends as homeowners refinance mortgages at lower rates, said DoubleLine Capital LP’s Jeffrey Gundlach. “I expect further...
- Gundlach: A Debt Ceiling Impasse Could Drive Rates Lower
Failing to raise the debt ceiling would be a “huge financial calamity,” according to Federal Reserve Chairman Ben Bernanke and the general consensus view. But that opinion is “exactly wrong,” at least as far as the Treasury market is concerned,...
Money and Finance
Bond Investor Gundlach Buys Stocks, Sees 'Kaboom' Ahead
Found via the Corner of Berkshire & Fairfax.
It’s mid-October, and Jeffrey Gundlach is giving a stump speech to a luncheon crowd of about 200 financial advisers and investors at Los Angeles’s City Club. The renowned money manager’s theme: the financial catastrophe on the horizon.
The co-founder and chief executive officer of DoubleLine Capital LP explains that the first phase of the coming debacle consisted of a 27-year buildup of corporate, personal and sovereign debt. That lasted until 2008, when unfettered lending finally toppled banks and pushed the global economy into a recession, spurring governments and central banks to spend trillions of dollars to stimulate growth, Bloomberg Markets reports in its January issue.
In the ominous third phase, he predicts another crisis: Deeply indebted countries and companies, which Gundlach doesn’t name, will default sometime after 2013. Central banks may forestall these defaults by pumping even more money into the economy -- at the risk of higher inflation in coming years.
Gundlach, 53, doesn’t know when the third phase will get here, but he tells his audience they need to gradually get ready for it.
“I don’t believe you’re going to get some sort of an early warning,” Gundlach, who’s also chief investment officer at Los Angeles-based DoubleLine, tells his listeners. “You should be moving now.”
- Stocks Won't Repeat Lost Decade, Gundlach Says (video)
Sept. 13 (Bloomberg) -- Jeffrey Gundlach, founder and chief executive officer of DoubleLine Capital LP, talks with Bloomberg's Tom Keene about the outlook for global stock markets. Gundlach also discusses Federal Reserve monetary policy and U.S. Treasuries....
- Gundlach - Two Dangers For Equity Markets
Don’t buy stocks – for real, this time. That was the message Jeffrey Gundlach delivered to investors last Tuesday. Among riskier asset classes, only equities have performed well since February 14, the date of Gundlach’s previous remarks to investors,...
- Gundlach: The Two Questions That Matter Most
Two questions stand out amid the complexity of the current economic and market environment, according to Jeffrey Gundlach, both of which relate to critical elements of fiscal and monetary policy and should guide portfolio construction for investors. Gundlach,...
- Gundlach Steers Clear Of Mortgage Reits
Investors should avoid real estate investment trusts that buy U.S. mortgage-backed securities because they’ll continue to cut dividends as homeowners refinance mortgages at lower rates, said DoubleLine Capital LP’s Jeffrey Gundlach. “I expect further...
- Gundlach: A Debt Ceiling Impasse Could Drive Rates Lower
Failing to raise the debt ceiling would be a “huge financial calamity,” according to Federal Reserve Chairman Ben Bernanke and the general consensus view. But that opinion is “exactly wrong,” at least as far as the Treasury market is concerned,...