Cites repo market tightness as a reason for a more accomodative Fed
Adam spoke to this in his prior post, but Doublelines Jeffrey Gundlach is commenting in an interview with Reuters that
- Repo market squeeze makes it even more likely that the Fed will resume expansion of its balance sheet pretty soon
- He adds that the Fed will embark on QE lite
- The Fed will grow balance sheet in line with the growth in currency.
