Gundlach sees ‘rough waters’ ahead for financial markets

Yahoo!Finance/Vildana Hajric and Christopher Anstey/12-7-2021

graphic image of helicopter money drop“Gundlach, 62, said the reason why Fed Chair Jerome Powell characterizes the economy as strong, but not strong enough to allow for a rate hike at this point, is that the underlying condition is in fact weak — artificially propped up by an unprecedented degree of stimulus.”

USAGOLD note: Gundlach says that the flattening yield curve at a time of historically low yields constitutes a “doubly powerful signal of concern” and that he sees “rough waters” ahead for financial markets. Often referred to as the “bond king,” DoubleLine’s Gundlach says in this interview that he last bought gold personally in 2018 and likes it as a long-term hold.

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