HALISTER1: Economies in Low Growth, Continue to Cool, Gundlach Tells FuW

Economies in Low Growth, Continue to Cool, Gundlach Tells FuW

(Bloomberg) -- Jeffrey Gundlach, Doubleline Capital CEO, speaks in intv Switzerland’s Finanz und Wirtschaft. Says:
  • Yellen has given up dream of normalizing monetary policy
  • No rate hike at next Fed meeting, Fed capitulation on rates largely priced in
  • Negative rates designed to combat inflation “dumbest idea I’ve ever seen,” bring about opposite what they intended to do; money disappears with negative rates
  • Most important investment strategy is to protect money; favors gold to preserve capital, also favors u.s. bond portfolio
  • U.S. equities “monstrously expensive;” can’t imagine rally in U.S. stock market goes far, junk bonds will also sag
  • Easy part of oil price recovery over, oil will have real difficulty rising to $45/barrel
  • Next U.S. elections will “shake political landscape,” real issue is U.S. social security system, Trump will win
  • Equity funds that concentrate on supposedly “safe securities” are risky
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
3492806Z US (Doubleline Capital LP)

People
Jeffrey Gundlach (Doubleline Capital LP)

Topics
First Word DC - Foreign Policy

To de-activate this alert, click here

UUID: 7947283