Doubleline CEO Jeffrey Gundlach warns investors that the U.S. is 'out of tools' to gin up the economy during the next recession.
DoubleLine CEO Jeffrey Gundlach warns investors that the U.S. is "out of tools" to gin up the economy during the next recession.
The billionaire investor said the United States is "out of tools" to gin up the economy during the next recession. He pointed to the Federal Reserve's decision to leave interest rates steady and a dovish turnaround that boosted stocks this year. "Growth in the economy is simply growth in the debt," he said. "That's what's really responsible for growth in GDP."
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