U.S. Economy Is Floating on a ‘Ocean of Debt’, Gundlach Warns

Jeffrey Gundlach said once more that the U.S. economy is pigging out on debt. Resounding a significant number of the themes from his yearly “Just Markets” webcast on Tuesday, Gundlach participated in a round-table of 10 of Wall Street’s most brilliant smartest investors for Barron’s. He highlighted the threats particularly presented by the U.S. corporate bond market. Productive sales of junk bonds and noteworthy development in investment grade corporate debt, combined with the Federal Reserve weaning the market off quantitative facilitating, have brought about what the DoubleLine Capital LP boss…

Read More