Billionaire bond investor Jeffrey Gundlach: Recession likely by Q2 2024

While most investors believe another rate hike is on the way, DoubleLine Founder and CEO Jeffrey Gundlach is not one of them. During Yahoo Finance Invest, Gundlach told Executive Editor Brian Sozzi "I think the Fed has stopped raising interest rates, I don't think they're gonna do it again."

The uncertainty surrounding the Federal Reserve this year has caused ripple effects in the markets, raising concerns about just how all of this will end. Gundlach explained his biggest concern right now, saying, "What worries me the most is the concept of higher for longer." He explained that he does not think the Fed will cut rates in 2024, rather they will stay higher for longer, or "the economy will noticeably weaken, and they will do what they always do, and that is cut interest rates much more rapidly than they raised them."

Gunlach also spoke about the 2024 election, the economy, consumer spending, and why he is concerned with the bond market.
#youtube #yahoofinance #recession
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[swaminarayan]

Jeff is schooler, gentleman and wiseman. 👏

[PatrickLloyd-]

Every provides an equal market opportunity if you are properly prepared and knowledgeable. I've seen people amass up to $800, 000 during crises and even with ease in a bad economy. Someone has undoubtedly become extremely wealthy as a result of the crash.

[montielh]

Extraordinary interview!
We are in a recession already! In October my sales in 5 states collapsed like in February 2021…

[anveshie]

He has been warning recession from a long long time. Missed a lot of bull market scenarios

[giniaa]

Wow, I had heard Gundlach before, but in this video I found his points very, on the mark!

[lemonace]

Party leaning doesn’t help, finally Gundlach comes to reality. Luv it

[Curbalnk]

We can't ignore the potential impact on portfolios. Bonds are often considered a safe haven, and if they crumble, investors like me might scramble. I’ve been investing for 11 yrs and my $1m portfolio has never been this depleted, how i do hedge this?

[brianwhitehawker]

Is there anything like proof recession stock? I am 58 years and would like help in managing my retirement portfolio which is currently $1.25M...down from a high of $1.67M.

[selenajack]

The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?

[geejaybee]

One issue that was left out of the dialogue is the need to raise corporate taxes and/or change the tax structure to service debt.

[PeterParker-wjcr]

Everyone keeps moving the goal posts with these recession predictions. What's the penalty for being wrong? Or does everyone get a turn guessing until eventually someone will be right...smh

[mattg]

Date of this interview would be a useful information

[generalyan]

It's great to see MSM welcome Peter Schiff back on!

[Tequila_Brad]

It’s about time that YF has someone on that tells the truth about our economy and government.

[goof]

what about that cool piece of art behind him...

[DrKnowsMore]

The fact that the government can't stop borrowing money is not the fed's problem. The FED is supposed to act, to some degree, as a counterbalance to the government. Spending has to be control. If the government can't do that, then the FED should drive the government in the bankruptcy.

[EdwardPosuniak]

Nothing will change until it gets bad enough and it is not bad enough yet. The ratio of Gold $ to Silver $ is $2024 to $24 which is 84 to 1. In 1933 the ratio of Gold $ to Silver $ was around 80 to 1 and that indicator was during the Great Depression when we did not have the National Debt that we have today. I dont trust the Federal Government, the FED or Wall Street to do anything right anytime soon no matter who is in the White House or Congress.

[tmobilefan]

This guy has been warning about a recession for 10 years.

[MonetaryRebel]

When gov debt rolls over at higher rates and interest payments take up a majority of the fiscal budget, senior citizens are screwed. Either the gov defaults on treasury bonds, or they default on seniors entitlements, or they print non-stop and inflation takes off. The first 2 scenarios are scary, but it would be sharp and quicker. Sadly, the 3rd inflation scenario is the scariest. Consumer behavior will change and it would take a decade or more to dig out of that. That is the great depression 2.0 scenario.

[mrcmid]

Interest rates are going higher for sure!