Billionaire “Bond King” Jeffrey Gundlach says the stimulus and the Federal Reserve’s low interest rates have “been a very deep punch bowl spiked pretty heavily with 100-proof liquor,” and “once this party ends, the hangover is going to be in the form of a sharp drop in economic growth.”
Gundlach, the founder and CEO of $137 billion DoubleLine Capital, explained that the economic picture in the U.S. is “very hard to divine” because of the government’s intervention.
“It’s like pushing on like a…
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