DoubleLine CEO Jeffrey Gundlach, known as 'The Bond King,' warned that in 2023 'we may see a real recession.”
"Things looked pretty good in the aftermath of the money spray in response to the pandemic but, a lot of that was consumption brought forward," Gundlach went on to note, pointing to the trend of personal consumption expenditures from durables, nondurables and services.
"For five years or four years going into the lockdown prior to the pandemic, all three of those series were rising very gradually and consistently and at the same pace," Gundlach said. DoubleLine CEO Jeffrey Gundlach, known as 'The Bond King,' warned that in"2023 we may see a real recession."
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