US economy floating on an ocean of debt

One for the NSS file, a Bloomberg report on a roundtable of investors, pithy comments from jeff Gundlach

• "I'm not looking for a terrible economy, but an artificially strong one, due to stimulus spending," Gundlach told the panel. "We have floated incremental debt when we should be doing the opposite if the economy is so strong."

On stocks:

• "So now we are in a bear market, which isn't defined by me as stocks being down 20 percent. A bear market is determined by the way stocks are acting," he said.

Here is the piece for more