Posted on 11/03/2023 12:24:58 PM PDT by RomanSoldier19
*The US economy is lurching toward a recession, according to Jeff Gundlach.
*The DoubleLine Capital chief pointed to a "de-inverted" bond-yield curve and the rising unemployment rate as signs of a looming slump.
*Layoffs are coming," he warned.
The US economy is clearly headed toward a recession, veteran bond investor Jeff Gundlach has warned.
The DoubleLine Capital CEO said Wednesday that the yield curve – a bond-market gauge that measures the gap between 2-year and 10-year Treasury yields – is signaling that a downturn is coming.
"The shape of the yield curve is extremely unstable at this time," Gundlach told CNBC's "Closing Bell".
"This is the classic action that one gets prior to recessions," he added. "You get a yield curve that inverts, people talk about that it's very inverted, but it hangs out there for a long time."
(Excerpt) Read more at msn.com ...
I wanted to retire in 24, but I don’t think I will.
The Dems and media will literally hurt themselves with the gyrations that will be necessary to blame Trump and the Republicans.
(The US economy is lurching toward a recession)
BidenDepression 2023/Spring 2024
My company just laid off 300 salaried - this was my 7th lay-off survival in 25 years. It’s like being a high-wire performer.
Sometimes no all it’s cracked up to be.
Retired last December. I wasn’t ready for it emotionally. Found out that my identity was all wrapped up in my job.
Hope you don’t experience the same when you finally decide to go out.
I hope every Biden voter loses everything. Yeah, I am serious. I hope 1/2 to 3/4 of them kill themselves in despair. It is easier than a civil war.
This is so easy even a deplorable knows how to fix this problem. We just need Another Obama Infrastructure Bill, follwed by a Deficit Reduction Act 2.0, followed by Inflation Act 2.0. We then might have to resort to price controls.
They managed to hold it off until election year.
You're no fun.
Schweddy Balls!
Fortunately, my identity is all wrapped up in playing my guitar. :-)
Dude! that is part of why I decided to stay. Once I retire, I no longer exist.
How many beans were there?
“he US economy is clearly headed toward a recession...”
Heading toward? It started two years ago. Gross product (not GDP) has been contracting. The GDP numbers are fake for a number of reasons. The ‘growth’ is in government that does not produce any desirable good or service. The GDP number is adjusted by the fake inflation rate of 3 per cent. The real inflation rate is about 30 per cent this past year alone.
RE: Recession and layoffs....I really want this to happen now so the Dems will preside over a miserable and angry electorate in November, 2024.
Bless you, my brother.
I wish this site had a thumbs up feature. Retired at 50 and it’s been a blast. Playing in bands. Writing music. Chopping wood. Biking. Skiing. You name it.
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