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Billionaire bond fund manager Jeffrey Gundlach warns of real recession in 2023
Gundlach explains why he believes ‘a payback’ is coming for ‘having plugged the hole’ in 2020, 2021
Jeffrey Gundlach warns of recession next year
The DoubleLine CEO, known as ‘The Bond King,’ weighs in on what to expect from markets and the economy as the Federal Reserve tries to curb inflation, which remains near 40-year highs.
Billionaire bond fund manager Jeffrey Gundlach warned on Thursday that we may see a “real recession” in 2023.
The DoubleLine CEO, known as ‘The Bond King,’ made the prediction on “Making Money with Charles Payne” on Thursday while weighing in on the economy and markets as selling continued.
“I think that we’re starting to see real reasons to believe that maybe not here in 2022, but in 2023 we may see a real recession,” Gundlach told host Charles Payne.
He pointed to home prices, noting that “affordability has decreased very markedly in the past two years.” …….More Here
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