Gundlach says rising rates and deficits like ‘suicide mission’

Bloomberg/John Gittelson/6-12-2018

“The soaring U.S. budget deficit at a time interest rates are increasing may be setting the stage for fiscal trouble, according to Jeffrey Gundlach, chief investment officer of DoubleLine Capital.”

USAGOLD note:  As we have noted previously, the problem with increasing the debt level from a fiscal perspective is centered around the interest payments on the ever-increasing national debt now at almost $21.1 trillion and counting.

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