‘Bond King’ Jeff Gundlach cautioned about rising debt, reiterated his bearish dollar outlook, and praised European stocks in a webcast. Here are his 10 best quotes.

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Billionaire ‘Bond King’ Jeff Gundlach warned about rising levels of debt in the US, doubled down on his bearish dollar outlook, and said he’s turned positive on European stocks for the first time in over a decade in his latest webcast. Here the DoubleLine Capital founder’s 10 best quotes. 1.

In response to the question: “What would cause the market to regard the national debt, or the debt to GDP ratio, as a major threat to future returns?” Gundlach: “The dollar going down. That’s the linchpin to everything, I believe. And so, that’s the thing that is the most important.” 2. “We continue to run over 20% of GDP budget deficit. So as robust as a 10.4% nominal GDP forecast is, if we didn’t have deficit spending, there would be no economic growth in the United States. If we suddenly took the deficit to zero, we would actually have a negative 10% GDP growth almost instantaneously. So we’re living for...read more...