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Gundlach Warns U.S. Economy Is Floating on ‘an Ocean of Debt’

  • DoubleLine boss rejects Trump’s claim of record GDP growth
  • Bond guru tells Barron’s U.S. stocks expected to drift lower
Jeffrey Gundlach
Jeffrey GundlachPhotographer: Scott Eells/Bloomberg
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Jeffrey Gundlach said yet again that the U.S. economy is gorging on debt.

Echoing many of the themes from his annual "Just Markets" webcast on Tuesday, Gundlach took part in a round-table of 10 of Wall Street’s smartest investors for Barron’s. He highlighted the dangers especially posed by the U.S. corporate bond market.