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*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...

DoubleLine's Jeffrey Gundlach called the Fed's bluff late last month, telling investors during an interview that he suspected the central bank was merely "guessing" about the impact of inflation being "transitory".Since then, we have only received more signs that inflationary pressures are growing in the US economy, while a growing number of investors have been persuaded to agree with Gundlach. The other day, DoubleLine released a recording of another talk given by Gundlach where he elaborated on the inflation theme, while also discussing other issues like the outlook for the US dollar in the face of President Biden's tax-and-spend agenda.During...

Billionaire bond fund manager Jeffrey Gundlach is considering packing his bags to escape the “incompetent governance” of California. “Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance,” Gundlach tweeted on Saturday evening. “The ‘response’ from Sacramento? Wealth and massive income tax increases on job creators (AKA 'the wealthy').” Gundlach, who did not immediately respond to FOX Business’ request for additional comment, has an estimated net worth of $2.2 billion, per Forbes. His firm, DoubleLine Capital, has more than $137 billion in assets under management.

Billionaire bond fund manager Jeffrey Gundlach believes the polls are wrong and that President Trump will win a second term in the White House. “Will Joe Biden beat Donald Trump in November? I don’t think so,” Gundlach, CEO and chief investment officer of Los Angeles-based DoubleLine Capital, which has $148 billion in assets under management, said in a webcast on Tuesday evening, according to Bloomberg. He added that a “highly toxic political environment” makes the polls “very, very squishy.” A RealClear Politics average of national polls showed Biden, who was vice president in former President Barack Obama’s administration, leading by...

The so-called "Bond King” Jeffrey Gundlach gave FOX Business a very bold prediction for the 2020 presidential race, suggesting there’s a possibility President Trump may not even run for re-election. “I am not even sure he’s going to really run,” Gundlach, the DoubleLine Capital co-founder and CEO, said during an exclusive interview with Neil Cavuto on Wednesday. Gundlach added the president’s second term will be determined by the success of the U.S. economy. “If the economy goes into recession and he can’t pullout by removing the tariffs, there’s very little for him to run on,” he said. Trump launched his...

U.S. debt has climbed to an alarming level, according to DoubleLine Capital CEO Jeffrey Gundlach. “People are starting to realize that the deficit and debt are totally out of control,” Gundlach said on CNBC’s “Halftime Report” Tuesday. Guldach said the “main reason” the yield curve between 3-year Treasury bonds and 5-year bonds is steepening is a ballooning deficit. Gundlach — sometimes known as the “bond king” — runs the $50 billion DoubleLine Total Return Bond Fund. Its five-year performance is one of the best in its category, but lagged most of its peers in 2019 with a gain of just...

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."

Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, foresees a “global growth scare” between now and the end of the summer, triggered by a presidential nomination of Donald Trump. “That is where I see the vulnerabilities,” Gundlach said in a telephone interview on Monday. Trump’s protectionist policies could mean negative global growth, Gundlach warned. “As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management.”

<p>DES MOINES (AP) — When Marine Sgt. Ross Gundlach served as a dog handler in Afghanistan, he told the yellow lab who was his constant companion that he'd look her up when he returned home.</p> <p>"I promised her if we made it out of alive, I'd do whatever it took to find her," Gundlach said.</p>

When Marine Sgt. Ross Gundlach served as a dog handler in Afghanistan, he told the yellow lab who was his constant companion that he'd look her up when he returned home. "I promised her if we made it out of alive, I'd do whatever it took to find her," Gundlach said. On Friday, he made good on that vow with help from some sentimental state officials in Iowa who know how to pull off a surprise.