Gundlach Likens Rising Debt to Shoppers Maxing Out Credit
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DoubleLine Capital’s Jeffrey Gundlach sounded alarm bells on the growth of the U.S. national debt, calling it a “horrific situation.”
Gundlach warned that the national debt swelled in fiscal 2018. He likened it to every household in America maxing out three $5,000 credit cards. That ballooning debt could pose a greater threat to the economy than people realize: “Are we really growing at all, or is it just debt-based?” he asked.