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Gundlach Sees Trump Presidency With Higher Deficits Whoever Wins

  • Clinton likely to lose nomination, bond-fund manager says
  • More debt means rising interest rates, according to investor

Republican Donald Trump appears to have the best chance of winning the White House, according to money manager Jeffrey Gundlach of DoubleLine Capital, who predicts surging U.S. deficits whoever prevails.

For the Democratic nomination, Vermont Senator Bernie Sanders may have the advantage over former Secretary of State Hillary Clinton, the Los Angeles-based bond-fund head said Friday at a Tiger 21 conference for high-net-worth investors in Beverly Hills, California.