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DoubleLine Capital CEO Jeffrey Gundlach joins Yahoo Finance’s Julia La Roche for an exclusive, wide-ranging interview discussing everything from his outlook on the economy amid COVID-19, the 2020 election, and more.
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If we have to worry about the presidential candidates future senility. Maybe we should have the candidates wives debate each other too.
how’s this all legal??????
Look who’s in charge
Rule #1. They can alway’s change the rules.
Who is going to challenge it?
W.H.O. cares!
Lmao…nice double entendre! Your reputation for repartee precedes you, my friend!
Didn’t Yahoo cover up the Epstein crimes and connections and pizzagate? Fake news
What’s that have to do with Jeffrey Gundlach’s take ?
Pizzagate? You believe Pizzagate is something besides an Alex Jones’ tinfoil hat conspiracy theory?
Always great to hear Gundlach’s take 👍
why does this guy move around so much?? this guy is a moron. Biden has been out of his basement. how old is this video content? stop freebooting.
Have Jeffery on many more times please- great insight
26:00 “It’s not an inspiring conversation when the debate (about Trump and Biden) is about which one of them is on a greater slope of mental decline”. 😂😂😂😂
@J aNTHONY Trump is not in mental decline. But the Federal Reserve has completely lost its mind.
I choose plain old Dementia over Narcissistic Dementia.
@muzehack yes, Biden is DEFINITELY a narcissist.
@Andrew So true, and Trump is the kindest of altruists who never thinks of himself, only others. A real Mother Theresa.
Trump is not in mental decline. He’s always been the way he is now.
This guy gets it and speaks the truth ! I commend him.
Marxist
28:50 “One thing to really watch on that is the Labor Force Participation Rate, the people that can have a job and have a job is got down to 52%, 52% of the labor force was engaged. If that number goes below 50% you have a 3rd party. The Unemployment party.”
great interview
Thank you!
The market got so overrated so hot over the last 5 years they had to do something about it = covid 19
The tax cuts didn’t elevate the stock market. The money that employers used to do buybacks elevated the market. You can make the argument that the tax cuts gave them the liquidity to do the buybacks but it wasn’t solely the tax cuts.
Gundlach is great. Lot of wisdom and insight.
How do we invest with Mr. Gundlach??? This is a man I would trust investing my money! And, kudos to YahooFinance! Why don’t Bloomberg and CNBC have hosts that ask a question and then let the guest answer completely and without interruption?!
DoubleLine is the company that the Jeffery’s – Gundlach and Sherman have been managing for many years.
Don’t invest with him, he’s being wrong for the last two years
Wonder how many folks pulled a John Galt (like myself)…let the technocrats figure out what to do with those greasy Democratic Socialists, Marxists, Identitarians?! The education system is now churning out fruits & nuts…good luck finding good employees under 40.
just because a person inherits a lump of money and dose not loss it all, seams to be counted as a winner. seams not to be the right skills to pull off being president
Why does the FED always bail out the worst elements ??? To keep the worst elements alive so they can continue their racket and create even more havoc.
Refer to the George Carlin quote about “the club”.
they basically bail out the baby boomers pensions
I really like Jeff but think he completely misses the mark when it comes to the young retail investors. Sure, is a 20-something gambling on options a bad idea? Yes. That being said, painful experiences only augment future decision making and these industry “titans” should be praising the fact that young people are even getting into investing
I think his point is that these young people are trading not investing. No sensible/ experienced person would bother investing in this over inflated market.
Finally someone that make sense.
US ECONOMY IS VERY STRONG THANKS TO TRUMP. BANKS AND AIRLINES ARE LITERALLY MILLIONAIRE MAKERS RIGHT NOW.
he said earnings are about the same as 2016 but the market is about twice as high. the economy is artificially inflated with fiat dollars. a day of reckoning is soon to follow. the dollar will fall dramatically and so will everything else. the writing is on the wall. thank you china.
Gundlach is one of the good and smart guys
This makes me very sad because I believe he is correct. life in the US is going to change in ways we may all find to be quite foreign and unpleasant. Joe Biden will only accelerate its unfolding. May God help us all.
It is freaking 2020; get a better video and sound software please; disruptions are terrible.
He has been bearish for a while
It’s nice to hear someone who is sane and has a clear head. There is so much hyperbole going around.
Bond King 👑
When we talk about a V shaped recovery….why are we assuming that the internal angle of the V is around 30 degrees? You could have a V shaped recovery where the internal angle is 120 degrees. So that would indicate a long, slow slog back to normalcy.
If Yahoo Finance had a Jeff hour every week I’d watch it!
3:12 Fed has propped up the economy with just most incredible fiscal lending
3:58 How do you assess this issues(buying corporate credit) with the latest Fed move?
4:46 BBB(lowest in investment grade) is half of the entire bond market($12T)
10:41 Give credit to J Powell for talking strongly against negative interest rate.
11:04 YCC. 1940s 1950s WWII Debt analogy. 30yr treasury bond. 43bp. Pretty big losses.
15:14 baseline scenario. V-shape recovery is highly optimistic.
Daddy
Interest rates are less than inflation.
Welfare “stimulus” helps Trump, but Democrats can’t resist.
Well done. Thank you. Am acutely aware of mental attributes being a slowness and irrational-ism of the two candidates for POTUS. Pete Buttigieg has potential but his inclinations might be detrimental on a national stage. All “our” contenders are too old. Which means the VP candidate is a most important choice. Not a Pencer but someone willing to learn and assert their opinions when needed. Am in the same “vintage” as contenders!
The elite have infinite borrowing at interest rates less than inflation, and they don’t ever have to pay back the “loans.” That is the reason stocks are up.
Earnings have been replaced by borrowing.
The real problem is the “united” states is a nation divided against itself.
Radical Liberals force normal people to vote for Trump.
Congress men and women are still giving $Billions to foreign politicians, $Billions to Federal employees to study black holes and play with toy cars on Mars, $Billions for things that have absolutely no practical value.
Ok, we’ve heard it a lot …… anarchy of the unheard, disenfranchised ( of which is projected to include some former high earners ) so what is the solution at this point?
a 3rd party. the unrepresented/unemployed. once labor participation exceeds 50%, look out…
No more free capitalism. Fed is basically buying private companies. That was not permitted to happen. Corporations with debt they can not pay and the FED is allowing them to borrow more debt, is like to putting cocaine in front of an addict and asking him not to use.
Is Jeffrey a bitcoiner? Definitely could see him open up the portfolio to get off 0%
Since the beginning of quantitive easing these corporate Pigs keep taking money from the fed for enriching themselves one way or another, the latest trick being funneling the PPP money to their pockets by postponing all Invoices above the profit threshold . Nothing trickles down to the ordinary citizen but crumbs to buy bread and maybe a gadget or shoe on debt. and yet they keep dangling the eternally elusive Carrot of owning a house or a retirement fund . and all this while the Fed keeps pretending thats its convienently rigged inflation parameters remain well below Target.
This guy was right about ’08, ’12, ’16 (Trump victory) and ’20 with the impact of the Coronavirus (he was very early). His word carries weight
“When I first started worrying about Covid-19 being a real thing, in March”. This is why I no longer trust any of these financial gurus about their predictions. Anyone with half a brain should have known in January this was going to be bad for the world when they announced it could spread for 14 days with no symptoms. Seriously these financial people are like, “Can I buy it? Can I sell it? No? It doesn’t matter then”.
I’ll get poo poo’d for this, but I think he’s wrong. Uncle Sam can keep this from being “fundamentally deflationary” by fiscal and monetary policies, and people will move on from the election cycle and COVID remarkably quickly. He’s focusing too much on short term issues in my view.
He’s right about the narrative about how senile the presidential candidates are though. It hurts everyone having these candidates.
So how much higher will the Tesla debt bubble go ?. I guess, it`s lacking momentum now to proceed the parabolic move (it`s only a small leg up to be as big in market cap as the total rest of the global automotive industry).
Is there any reason why TSLA should continue going parabolic from a derivatives point of view or would the Fed put a stop to it before it becomes entirely ridiculous.
I took some derivative bets against it, just in case that the Fed is in for a little pull back in Telsa-market cap, before we enter the hyperinflation mode 🥳
its a little different today because we are not yet in a full blown Hot war. This came at a time that a few terrorists destroyed america”s trust in government. We never had to bailout anyone particularly Kuiate. But we did.
We never had to become the IMF
Biden is not qualified.Not even to play the clown role.
Boy, he really knows what’s going on. Excellent insight. I could listen to Gundlach all day. Seriously. Because he’s right.
I respect this guy so much.
I feel the Chinese have been nibbling at the heals of the USA for a while now. The Chinese want to rule their region of the World and the USA is in the way. My question is: was the virus intentionally released because they knew Powell would print money into infinity (that’s what the Federal reserve does (even a six year old know’s this) I mean, rather than fix problems lets just print money). This has loaded the USA up with huge amount of debt, the US dollar goes down (social unrest, dollar going down, high umemployment etc). So while Powell is printing to infinity the Chinese are slowly taking over (military exercises in the South China Sea, air drills near Taiwan, Changes to laws in Hong Kong, and Oceanic mapping in an Area of the Indian Ocean that American and Australian Subs pass through.)
Ray Dalio has said “they are very intelligent people”
Some experts are saying the US $ will still be the reserve currency but its significance may decline.
I am starting to think that the poor old USA got played by the Chinese and all Powell can do is print money…God Help Us.
Appreciate the straight talk. Great interview
Lol… ” when you have two ancient guys and their debate is centered around which one of them is in a greater slope of mental decline”
Great interview Julia! Always great to hear from Mr Gundlach. Next time you have him on can you quickly ask him for a couple of book recommendations? I know he recommended “the fourth turning”. Which I just finished reading about a month ago ,great book. Would like to know a couple other books that he recommends.
Thank you, Pete! And that’s a great idea to conclude my future interviews. I’ve heard him in the past talk about the classic book ‘Reminiscences Of A Stock Operator.’
Violence is coming for the oligarchs
The rich elites know their time is short
18minutes….if you work for Jeff and you are not answering your emails…..he’s onto you…..your probably going to get the chop.
As always, clear and sound!
It’s time for a third party. Don’t let anyone tell you it’s a wasted vote…the only wasted vote is the one that is not cast.
Prices going down is a good thing for most people! The poor and middle class never gets a chance to “shop at sale” for this moron FED! Sad to see the US becoming a true Zombie nation.
Julia – I typically only focus on the content of what the interviewee has to say on most of these, but your interviewing technique here was A+++! You were really great about bringing up virtually all his major themes and then fading into the background to let Gundlach adequately expand upon them.
I’m especially impressed that you knew where to get him to touch on points that are uniquely his (the growing wealth inequality, the disenfranchised, etc., you even knew why he chose the name Doubleline for his firm!). Most that get him on just mention that he’s the Bond King, ask him where are stocks and bonds going, and then bait him to bash the Fed.
All of Gundlach’s interviews are incredibly valuable, but this was particularly insightful, thanks to your talent as an interviewer. Great job!!!!
Thank you so much!!
Watch the Rogue Yoga. End time’s.
How’s that 2700 call looking Jeffrey?
Finally someone smart
Lol Jeffrey is just salty that he missed the dop. Jk.
No fear on Mainstreet, we have massive amount of IDIOTS Buying the TOP in REAL ESTATE. LOL. Stupid Stupid Stupid People.
Education is the root cause. Big corporations would not invest in the education
The Fed is doing alot of illegal things. But whose going to stop them??? Lol congress??? Lol they are even more corrupt and divided than ever.
Great interview.
One of Wall Street’s wisest.
Gundlach is one of my faves. One thing that he has nailed was gold.
i must have missed what he said, can you time stamp?
Great interviewer, she did not interrupt him unlike some others
Outstanding interview!!! 👍
Really like his insights , very knowledgeable man , great guest Thank you .
Big bump of coke before interview or does he have Parkinsons?