More comments from Gundlach, chief executive officer at DoubleLine Capital
I posted his earlier comments here
Then I posted a 'recap'. Recao, you ask, but he hadn't finished! Yes, that's right ... here is more!
Via Bloomberg (I've highlighted some of the more interesting items)
- Negative rates' effect on currencies opposite of goal
- You're better off in G7 bonds than US dollar bonds
- Going to see banks crashing, stock markets tumbling
- Negative rates would 'backfire like an old model T'
- None of fund is in junk bonds or corporate bonds
- Reduced cash, lengthened duration in total return fund
- Oil inventories 'through the roof,' bull case elusive
- Defaults are going up, you can bet dollars to donuts more
- S&P divergence with junk is bad sign for risk assets
- Shiller p/e ratios, profit margins not looking good inside
- Looks like we might have put in a low in rates
- Still looks for gold at $1,400, stay long
- Gundlach on commodities: time is on your side to not own them
More:
- ECB might buy corporate bonds as part of QE plan
