"New debt king " Jeff Gundlach appears often recently on media. In May 17ri, doubleLine Capital released Wang Can of a new debt and attended mobile video again.
In the dialog this May 7, the discussion that deputy CIO Jeff Sherman of Danielle DiMartino Booth of author of Jeff Gundlach, Quill Intelligence and DoubleLine Capital undertook is as long as half hours. Gundlach hinted the debt crisis of American government, assail capricious below political pressure beautiful couplet store.
"I had had 67 years to had not discussed national debt problem. " Gundlach expresses, oneself are in 2012, the left and right sides had said 2013, "We are being gone to " . And the president that the United States had to love debt now, "He all along not repay a debt, went bankrupt many times " .
New debt king says, american deficit erupts like period of the root in meeting resembling. Debt dimensions of the United States had exceeded nominal GDP 2018, if not be debt growth,mean, the United States the economy last year is negative growth.
New debt king expresses, american government insists to ask to lower interest, pushed the market " dividing line of yin and yang " . His cite when Peng Si of American vice president accepts CNBC to interview before this make known one's position, peng Si says at that time, american economy is in in growing continuously " cannot see any inflationary sign " , beautiful couplet store should consider to lower interest, "Just do not add breath " .
Telangpu ever also expressed directly on April 30, restart QE is returned insufficient, beautiful couplet store should lower interest 100 base point. New debt king says, peng Si is in of CNBC interviewing is him had seen " the most awkward " interview one of.
Gundlach and Booth are right succumb the beautiful couplet at political force store have veiled word quite. Booth speak bluntly, that is had " freewill " Bao Wei Er, already by absorb, made an average central bank home, "Basically be Ye human relations " .
"Bao power Er from, the rigorous, reasonable, deal with concrete matters relating to work that we think, abrupt between became what is knowing (footing) . " Gundlach says, last year the four seasons is spent, quantify constrictive achieve every top level, month to shrink when expressing 50 billion dollar, the market steeps fall to technical Xiong Fu, bao changed position on Weierma. "You know to there is the thing of a lot of insanities today, new York has capacity of 31 kinds of sexual distinction, among them one is plant is ' sexual distinction flows ' , namely you can be in short-term inside the sexual position that changes you. Bao power Er, his policy is flow. He does not boast he is the eagle sends columbine perhaps pie, his some a week may be a kind among them, but cross a few weeks he becomes another kind again. But cross a few weeks he becomes another kind again..
Gundlach still expresses, the exciting policy of central bank " water roily " , because of this interest rate it is euqally easy to rise to become and drop. "Some mainstreams economist thinks, we are flat the old road that is on European Central Bank and Japanese Central Bank calculated. We are flat the old road that is on European Central Bank and Japanese Central Bank calculated..
He still suggests to do fluctuation of much debt city. The fluctuation with the closest bond that the stock mixes is close to the history low, gundlach is mentioned, senior debt interest rate has maintained the level in stability for years, before 10 years the interest rate of period beauty debt basically mixes 5 years, do not have 2. "I consider as moment ' extremely energetically ' ground detain is noted, the stock is already late, OK still detain registers index of stability bandwidth of debt of similar beautiful Lin Gong (MOVE Index) such dogging the product of beautiful debt fluctuation. OK still detain registers index of stability bandwidth of debt of similar beautiful Lin Gong (MOVE Index) such dogging the product of beautiful debt fluctuation..
Be in with the near future of other circumstance make known one's position similar, new debt king is quite careful to the expressional manner of American economy. To the GDP that high speed grows first quarter, he still the heart puts apprehension, consume especially leasehold. "' leasehold it is a favour, because this shows consumer is confident to future ' ? The state that it shows customer actually not beautiful. " Gundlach thinks, the rise of the fall of savings ratio, loan, not be economic health is driving reflect.
About the risk of debenture market, the market to BBB class bond (the bond of lowest of the grade in investing class bond) demote of the risk be anxious to already had a long time, new debt king points out, if grade company also cannot ignore exasperate lever index again, reduce grade bond of your BBB class changes personally " degenerate angel " , relevant company is be between the beetle and the block, adjacent break down.
