Reported 5 months ago
DoubleLine Capital's CEO, Jeffrey Gundlach, predicts an impending U.S. recession due to higher interest rates impacting consumers and companies, citing signs like rising credit card delinquencies and weaker retail sales data. Gundlach emphasized a recessionary outlook over inflation concerns, advising caution in riskier corporate debt sectors and private credit investments. DoubleLine's strategy currently favors U.S. government debt holdings despite growing debt levels and potential restructuring risks in the future.
Source: YAHOO