Gundlach: Markets Have to Get Worse, and Fed Shouldnt Save Them Yet
DoubleLine Capital CEO Jeffrey Gundlach is worried about the current market turmoil and he doesnt think the massive sell-off is even close to being over.
Things have to get worse you dont have a move like this end without disorder. It just never happens.
I am concerned, Gundlach wrote in an email Monday to CNBCs Scott Wapner. Things have to get worse you dont have a move like this end without disorder. It just never happens.
und:
Ron Paul: Central Banking Is Socialism Rigged in Favor of the Elites
More rate cuts would drive interest rates to near, or even below, zero. Lowering interest rates punishes people for saving, thus encouraging consumers and businesses to spend every penny they make. This may give the economy a short-term boost. But, it inhibits long-term economic growth by depleting the savings necessary for investments in businesses and jobs. The result of this policy will be more pressure on the Fed to indefinitely maintain low interest rates and on Congress and the president to create another explosion of government stimulus spending.
DoubleLine Capital CEO Jeffrey Gundlach is worried about the current market turmoil and he doesnt think the massive sell-off is even close to being over.
Things have to get worse you dont have a move like this end without disorder. It just never happens.
I am concerned, Gundlach wrote in an email Monday to CNBCs Scott Wapner. Things have to get worse you dont have a move like this end without disorder. It just never happens.
und:
Ron Paul: Central Banking Is Socialism Rigged in Favor of the Elites
More rate cuts would drive interest rates to near, or even below, zero. Lowering interest rates punishes people for saving, thus encouraging consumers and businesses to spend every penny they make. This may give the economy a short-term boost. But, it inhibits long-term economic growth by depleting the savings necessary for investments in businesses and jobs. The result of this policy will be more pressure on the Fed to indefinitely maintain low interest rates and on Congress and the president to create another explosion of government stimulus spending.
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