It's Gundlach.... Jeffrey Gundlach... And His Latest Contrarian Thoughts

Tyler Durden's picture

Any billionaire who continues borrowing slides from Zero Hedge, surely knows what he/she (although in this case most certainly he) is talking about (especially one that expects a double digit drop in equities in 2011). This goes double for any billionaire who actually has a James Bond fetish to impart to his investor presentation. Attached are 89 pages of shaken and stirred data, that you wouldn't really find at any other "institutional" asset manager.


1-11-11 JEG Webcast - FINAL

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sgt_doom's picture

Good presentation, excepting for the James Bond stuff.

Hasn't this guy ever heard of Jason Bourne?  Spiderman?  Iron Man?  Doc Savage at least?

I would have preferred a pix of naked women and the caption "US Treasury still allows naked swaps"  --- now that would have been a great presentation!

txapela's picture

James Bond is caviar, Jason Bourne is a hot dog. Not only is Jason's chick ugly, but it takes him 3 movies to settle a score.


Clearly, he is the inferior man.

Jasper M's picture

I will not junk in cowardly anonymity. I found Jason's "chick" better than Any bond 'babe', AND he had a much harder row to hoe than Bond, having no giveaway clues. 

Jason Bourne would mop the floor with BJB.

jm's picture

Undercover brothuh is the real hero...

BTW, perhaps Mr Gundlach should relax that mandate and have some fun with local currency debt.



Gully Foyle's picture


Um dude.

Before Undercover Brother there was Passenger 51. Before that was Superfly and Shaft and Dolemite and Sweet Sweetback, who had a badass song. And Jim Kelly.

But fuck dude, Undercover Brother over Black Dynamite, sssshhhhheeeeeiiiiittttt!


westboundnup's picture

Mad props for the "Passenger 51" reference.  If I had to bet, I'd bet you meant "Passenger 57."  And if there's one thing I learned while betting on roulette . . .

snowball777's picture

...declare your winnings? (Hi Wesley!)

jm's picture

People say he's a bad muthaf...<shut yo mouth!>

Talkin bout Shaft!

We can dig it!

That joint is as old as I am...


TruthInSunshine's picture

Jason Bourne owns James Bond.

Bourne is brass tacks, roll up the sleeves, all about business, steely eyed competence in perpetual motion - who becomes aware that he has been a mere pawn & tool of evil, and he seeks redemption.

Bond is an effeminate, Queen ass-kissing, borderline bi-sexual, dependent on special effects and wonky gadgets, limey cunt.

blunderdog's picture

Fucker Bourne doesn't know how to follow orders.

He's worthless.

TruthInSunshine's picture

Look at what they make you give.

Dr. Kenneth Noisewater's picture

"Do you expect me to talk?"

"No, Mr. Bond Trader, I expect you to BUY!!!!!!"

unum mountaineer's picture

source:, yes..H.A.M Tyler, H.A.M.

CrashisOptimistic's picture

How can one take such an intended-to-be comprehensive analysis of more or less anything economic seriously when it lacks mention of civilization's alpha asset: oil?



Jasper M's picture

Because it is not, as it turns out, as important as so many simply accept it to be. 

The debt collapse will start within 2 years. Once it starts, those with commodities to sell will sell them with both hands, to gather desperately needed dollars.

By the time that is over, we will be deploying the first of the Hydride pocket reactors. And Pollywells will be just a bit behind that.  

In the short term, oil is only a problem because environmentalist religion has made it so. When times get truly hard, that stumbling block will recede. 

Dapper Dan's picture

Those without any cash, or the means to earn some (in what will be a very difficult earning environment), will be at the mercy of whatever the world has to throw at them. Most of us are accustomed to far more choice and self-determination than most people have had in human history, and there would be nothing harder to lose. Nothing is as addictive as freedom.

This comment from Stoneleigh has me contemplating my own options Gully.

anony's picture

Remember when Clinton got elected by saying that maybe "people have too much freedom'?

That Singapore and Shanghai have the strictest unfreedomlike cities in the world but are the most prosperous?

Most people I know are completely bothered, bewildered, and utterly confused beyond redemption because of their freedom. With the right tone of voice I can tell them what to do and they will do it, thankful to be releived of the awful tyranny of the  'freedom' of having to make their own choices and possibly being wrong.

I take from that, that people have become ever more afraid of risk (not understanding that their being born is a 1 in 300,000,000 shot) than they are of being addicted to being told what to do and when, and for how long.

Think: Robert E. Lee and Grant and the 700,000 dead and another 700,000 injured or crippled in the War between the States.

True freedom lovers, a fraction of a fraction, exist.

pan-the-ist's picture

It's a blanket. Just a blanket. Now why do guys like you and me know what a duvet is? Is this essential to our survival, in the hunter-gatherer sense of the word? No. What are we then?

CrashisOptimistic's picture

Why are morons allowed to walk the earth?

You fucking idiot.  There are 300 million cars on the roads of the planet.  There are not a lot fewer trucks.  You could not manufacture that many replacement vehicles with your magical new presently non existant power source in five fucking decades, let alone five years.

Who is going to fund production of 300 million of ANYTHING among this glib collapse you have specified to the day.

When was the last time you took a Sunday drive for fun?  Once, maybe twice a year?  There Is No Slack.  There is not much wastage at all.  You restrict oil; you restrict GDP.  Globally.

You go ahead and wave your hands in the air and imagine pocket nuclear reactors, and then you explain how long to get them on the roads.  Who the FUCK is going to underwrite insurance for a vehicle with a nuclear reactor in it?


anony's picture

" Who the FUCK is going to underwrite insurance for a vehicle with a nuclear reactor in it?'

AIG, of course.  The surrogate for you and me. The FED and Treasury Secy will scare the bejesus out of the world to pay off more AIG execs for utter failure.

Insurance, and Credit is where it's at. If you have children make sure they know this. You and they cannot lose, provided you or they are not a WASP or Catholic or Muslim running an Investment bank, like Merrill Lynch was. Or an unpopular member of the Zionists, like Fuld and Madoff.

StychoKiller's picture

Check out dis guy:

Some interesting plasma physics herein...

Orly's picture

Wow.  Awesome.  Thanks, you guys.


Careless Whisper's picture

Good presentation, but why did he leave out the part about Pussy Galore?


Rusty Shorts's picture

I'll read it in the morning, did they cover Octopussy?

rosiescenario's picture

....I feel something stirring....

Cheesy Bastard's picture

I am shaken, but not stirred.

Misean's picture

I think that's enough, Goldfinger, you've made your point.

Monkey Craig's picture

I suppose "fetish" is the right term when discussing Gundlach.


Joking aside, thanks for posting this. Excellent info. What is Gundlach bullish on other than (allegedly) gold, second hand SEC porn and purple kush?

GoinFawr's picture

mmmmmmmm. Chart porn.


flaunt's picture

Isn't it kind of silly to declare certain parts of the budget discretionary and certain parts mandatory?  It's all "mandatory" because the government is comprised of a bunch of vultures picking the flesh clean from the citizenry.  None of them will give up their goodies and if it's tried there will be hell to pay. 

On the other hand all of it will become impossible to pay if/when the dollar becomes worthless and it doesn't buy much anymore.  I'm sure they'll try though.

ebworthen's picture

"Total Unmitigated Disaster" on the default rate charts; yes, well said.

Wonderful charts, they do indeed paint a picture (see above under "unmitigated").

spekulatn's picture

Well done today TD and ZH.

Dapper Dan's picture

Nothing says oligarchy like the chart "Top 0.1% income earners share of total income"

dark pools of soros's picture

except the next chart that says '12 dudes that own you and your future generations' souls and labor'

Common_Cents22's picture

Is he gonna run out in front of the herd and jump out of the way at the last minute?   It's a running of the bulls, watch out!

blunderdog's picture

Life's awesome where I am.  A roof, heat, and enough to eat.  It's all upwards from here.

Excelsior, bitchez!

Richard Head's picture

I'm a big fan of Gundlach's work (and his porn collection), but I don't think he's a billionaire.  He was paid $140 mm over what were probably his peak 4 years at his prior firm.

greenewave's picture

This is INSANE!!! The U.S. is BROKE, ROME IS BURNING and the PEOPLE are completely deluded to the ARMAGEDDON on the horizon!!!



The problem is that there really ISN'T a crisis in America due to the anesthetics of Ben Bernanke. People who don't have jobs are "earning" and income for 99 weeks, and then they get food stamps after that. People won't wake up until the carpet gets pulled from under them and a McDonalds? burger sells for $250!