‘All is Not Well’ in Global Economy, Says Bond Guru Jeffrey Gundlach
Fed rate hike compounding problem, he says
by Gregory Zuckerman
Market Watch
Many investors believe the U.S. will weather the global market downturn better than other nations, thanks to its steadily expanding economy. But Jeffrey Gundlach, who runs asset manager DoubleLine Capital LP, is downbeat on financial markets and the global economy, and he is worried the Federal Reserve is compounding the problems.
Gundlach argues that sharp declines for oil, commodity, junk-bond and stock prices signal deep, fundamental economic problems that some investors are overlooking.
The marked weakness is “a symptom” of “insufficient and dwindling global growth,” he says. “The Fed should not be hiking” interest rates, though it raised the fed funds rate last month for the first time in nine years and has signaled it likely will raise rates several times this year.
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Source: http://financialsurvivalnetwork.com/2016/01/all-is-not-well-in-global-economy-says-bond-guru-jeffrey-gundlach/?utm_source=rss&utm_medium=rss&utm_campaign=all-is-not-well-in-global-economy-says-bond-guru-jeffrey-gundlach
