Posted on 05/04/2016 9:29:21 PM PDT by goldstategop
Bond guru Jeff Gundlach trusts his instincts when it comes to his investments. Now he has a prediction about the presidential race: Donald Trump will win.
The CEO of DoubleLine, which manages $84 billion for clients, told CNBC he's apolitical but said, "I think it's important for investors to deal with reality."In fact, he said the presumptive Republican presidential nominee is just like another man many in the GOP idolize: former President Ronald Reagan.
"Reagan was a debt-based economic guy and I think Trump will be," Gundlach noted.
"It will probably look like it's working at first. The question is, will the boost to the economy from infrastructure projects and the like off-set the potential drag from shrinking global trade."
(Excerpt) Read more at cnbc.com ...
The DoubleLine CEO predicts Trump will win and in economics, he'll be a lot like President Reagan.
Take it for what its worth.
But, but, he isn’t a conservative.....
No one has said he was one.
Trump is a businessman and not a politician.
He’s not big on things that matter to political insiders.
Voters can hear he's the only one running who actually understands that... and are responding to it.
TRUMP 2016.
BUMP! BUMP!
Trump...Trump...Trump.....
So on other words the U.S. is broke and he'll make us broker?
That is a stupid and untrue comment. There are two sides to the Federal budget ledger - revenues and spending. Reagan's economic policies caused revenues go thru the roof. The annual revenues to the Federal treasury nearly doubled under his watch. The congress double crossed him on the spending side which caused the deficits.
Reagan didn’t cause the deficits of the ‘80s.
He raised the taxes but Democrats lied and never cut spending
Trump will win as he attracts more minorities sense Eisenhower
No, that is NOT what happened. You have it backwards. Reagan cut marginal rates and revenues went sky high. Then, unfortunately, congress went on a shopping spree.
BUILD THE DAM WALL !!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.