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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

By

Hailey Waller and

January 12, 2019, 5:03 PM UTCUpdated onJanuary 13, 2019, 10:46 AM UTC

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.