Jeff Gundlach’s suicide mission

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Some from Bloomberg:

“Here we are doing something that almost seems like a suicide mission,” Gundlach said in a webcast discussing his DoubleLine Total Return Bond Fund. “We are increasing the the size of the deficit while we’re raising interest rates.”

…”It’s pretty much unprecedented that we’re seeing this level debt expansion so late in an economic cycle,” Gundlach said.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.