FYI: Jeffrey Gundlach on Thursday struck a pessimistic tone, saying there was a 75% chance of a recession before the next presidential election as he warned that the corporate bond market is a crisis waiting to happen.
Gundlach, the outspoken chief executive of DoubleLine, mockingly delivered a presentation called the “Greatest Economy Ever,” an allusion to President Donald Trump’s characterization, which the famed bond investor doesn’t share.
Gundlach, to a London audience, outlined a number of worrying signs, including declines in purchasing indexes, which peaked at right about the same time the U.S. and global stock markets SPX, +0.62% did.
Regards,
Ted
https://www.marketwatch.com/story/gundlach-sees-75-recession-chance-has-a-warning-about-the-corporate-bond-market-2019-09-12/print
