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Polarization Express, Jeff Gundlach presention, 11-6-2012
Any thoughts as to why the US is not listed on slide #17? Is it that we are usually the debt collector on most of these debts or because we can just print fiat currency and pay back our debts in less valuable US dollars?
Hi bee, Apparently, for the given criteria of actual default; the U.S. has not. And as you note; our country can and does print money to cover the spending. 'Course the sad result is a feeling of prosperity to some via inflation and the resulting lose of purchasing power. I still have "fights" about this hidden monster we too many who should know better. Regards, Catch
Hi Gandalf, I agree. I will attempt to take some time to check the DoubleLine web site for old presentations as to whether the "full" notations are available. Other presentations I have checked in the past were not posted on the web site in a timely manner. Take care, Catch
What's the message...buy DoubleLine (long bond) Funds?
I'm probably just being grouchy tonight, but the more I see of Gundlach personally, the less I like. He's like betting on the "Don't Pass" line.
But he makes money, for me especially. I have the majority of my portfolio in RNSIX.
Funny, I have same experience with authors. I can love their work, but when I meet them in person, it can be awful: "What an arrogant idiot," I think. So, I've learned to never seek out the authors I love.
Comments
Any thoughts as to why the US is not listed on slide #17? Is it that we are usually the debt collector on most of these debts or because we can just print fiat currency and pay back our debts in less valuable US dollars?
Apparently, for the given criteria of actual default; the U.S. has not. And as you note; our country can and does print money to cover the spending. 'Course the sad result is a feeling of prosperity to some via inflation and the resulting lose of purchasing power.
I still have "fights" about this hidden monster we too many who should know better.
Regards,
Catch
I agree. I will attempt to take some time to check the DoubleLine web site for old presentations as to whether the "full" notations are available. Other presentations I have checked in the past were not posted on the web site in a timely manner.
Take care,
Catch
What's the message...buy DoubleLine (long bond) Funds?
I'm probably just being grouchy tonight, but the more I see of Gundlach personally, the less I like. He's like betting on the "Don't Pass" line.
But he makes money, for me especially. I have the majority of my portfolio in RNSIX.
Funny, I have same experience with authors. I can love their work, but when I meet them in person, it can be awful: "What an arrogant idiot," I think. So, I've learned to never seek out the authors I love.
Maybe the same holds for those that manage money?