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Jeff Gundlach's Latest Economic Outlook - Redux

Tyler Durden's picture


Now that Jeff Gundlach is out there making big residual waves (with Barron's as usual just 3-6 months behind the curve), here is, once again for those who missed it the first time around, Gundlach's latest presentation. The next update from Gundlach will be on March 15. We will present it to readers as soon as it hits.

1-11-11 JEG Webcast - FINAL -

A quick update on DoubleLine:

DoubleLine Capital has assets under management including commitments of about $8 billion, including nearly $5 billion invested in the DoubleLine mutual funds. The first DoubleLine mutual funds were launched on April 6, 2010 with the inception of the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX) and the DoubleLine Emerging Markets Fixed Income Fund (I shares DBLEX; N shares DLENX). The DoubleLine Core Fixed Income Fund (I shares DBLFX; N shares DLFNX) was launched on June 1, 2010. The DoubleLine Multi-Asset Growth Fund was seeded with internal funding and launched on December 20, 2010. Multi-Asset Growth is the first DoubleLine fund to offer a share class with a sales charge, i.e. “load.”


In addition to Mr. Gundlach, the other portfolio managers of the Fund are Bonnie Baha, Global Developed Credit team at DoubleLine; Samuel Garza, Asset Allocation; Luz Padilla, Emerging Markets Debt; and Jeffrey Sherman, Commodities.



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Sun, 02/20/2011 - 13:47 | 979654 Gully Foyle
Gully Foyle's picture

Bet you didn't know about this?


Feb 19 1998

Lt. Col. Larry Wayne Harris (Aryan Nations) and William Leavitt are arrested in Henderson, NV for possession of the biological toxin anthrax, military grade, enough to kill an entire city. Their Mercedes is hermetically sealed by authorities and brought to Nellis Air Force Base in Nevada for hazmat.

Harris on probation for buying bubonic plague

Harris, 46, a native of West Virginia who now lives in Lancaster, Ohio, has a microbiology degree from Ohio State University. He has written extensively on the dangers of biological warfare and how people can protect themselves with massive doses of antibiotics.

Harris has described himself as a white separatist. He once held the rank of lieutenant colonel in the far-right white separatist group Aryan Nations, and he has also told reporters that he is a follower of the Christian Identity movement.

During the 1980s, Harris was questioned about his involvement with the Aryan Nations by the Secret Service in advance of a visit to Ohio State by then-President George Bush.

In 1995, he was arrested after purchasing three vials of bubonic plague by mail from a Maryland laboratory.

That was not in and of itself a crime, but Harris was convicted on two counts of mail fraud and one count of wire fraud for misrepresenting the purpose of the purchase, a federal offense.

At the time, Harris told prosecutors in Lancaster he was worried about the effects of "super germ-carrying rats" coming from Iraq.

Though still on probation for his 1995 conviction, he has permission to travel and gives speeches at gun shows about biological warfare.

Sun, 02/20/2011 - 14:41 | 979756 snowball777
snowball777's picture

That "shadow of a doubt" thing can be a bitch, but then again...think how easy it is for the DEA to plant drugs on people. Would planting ricin be that much more difficult, if you really wanted someone out of the picture?

Sun, 02/20/2011 - 15:09 | 979794 TruthInSunshine
TruthInSunshine's picture

'At the time, Harris told prosecutors in Lancaster he was worried about the effects of "super germ-carrying rats" coming from Iraq.'


Dick Cheney convinced Dubya that he would be bitten by germ-carrying Iraqi rats, unless we invaded (I kid, I kid - we all know it is and always has been about money and oil, oh, and that NWO thing, too).

Obama is going larger on Afghanistan, and now getting very hawkish on North Korea (see latest headlines), because he's a bitch of the military-industrial complex (and financial industry), and he knows better than disobey his handlers - Nobel Peace Prize and all.

Ben Bernanke had and now has more influence and power than Shrub or ObaMao.

Whether you consider yourself a Republican (sad), Democrat (sad), independent, libertarian - whatever - ain't it a bitch when the system gets corroded, and you and your kids suffer as a result?

Keep paying your 47 levels of taxes, like good little serfs, and do not disturb important men and women who know what's best for you and your family, for decades to come, as they map out how and where you will live, what you will do, and where you are configured in terms of the global pie.

All in all, it's a giant shit sandwich, and you're all going to have to take a big bite, until you decide you want a better tasting sandwich, and you're willing to do something.

Eisenhower warns Americans of the military industrial complex.   Eisenhower warns us of elite 300 and military

Why We Fight - The Military Industrial Complex


Mon, 02/21/2011 - 22:22 | 983902 rocker
rocker's picture

First, Thank You ZH for this great data outlook.  Second, I can only agree we look more and more like Rome. A fallen Empire.

Sun, 02/20/2011 - 13:50 | 979659 Misean
Misean's picture

So...paper promises to pay paper? Hmmmmm...I'll have to think about that.

Sun, 02/20/2011 - 14:01 | 979681 Hugh G Rection
Hugh G Rection's picture

ya.... no thanks.


I'll stick to the barbarous relics.

Sun, 02/20/2011 - 14:16 | 979708 Implicit simplicit
Implicit simplicit's picture

Here is another "double line" for Doubleline Funds. All there data points to trouble ahead, yet stocks..... are in a bubble, as Shakespeare would say:

    Double, double toil and trouble;
    Fire burn, and caldron bubble. 
     Fillet of a fenny snake,
    In the caldron boil and bake;
    Eye of newt, and toe of frog,
    Wool of bat, and tongue of dog,
    Adder's fork, and blind-worm's sting,
    Lizard's leg, and owlet's wing,—
    For a charm of powerful trouble,
    Like a hell-broth boil and bubble.





Sun, 02/20/2011 - 14:20 | 979716 Atomizer
Atomizer's picture


Just like a criminal trying to pull off the perfect crime

Sun, 02/20/2011 - 18:06 | 980159 squexx
squexx's picture

Or members of the "Satanic (Beanie Wearing) Tribe" being their usual corrupt, greedy selves.

Sun, 02/20/2011 - 14:37 | 979752 Rainman
Rainman's picture

These depressing charts are priced in, yes ?

Sun, 02/20/2011 - 15:13 | 979816 Misean
Misean's picture

The charts yes, the data contained therein, not so much.

Sun, 02/20/2011 - 14:42 | 979760 SuperRay
SuperRay's picture

this pdf is covered by the column on the right of the screen. does anyone know how i can remove that column so i can see the entire pdf? thanks

Sun, 02/20/2011 - 14:53 | 979774 snowball777
Sun, 02/20/2011 - 14:55 | 979779 breezer1
breezer1's picture

click on the printer friendly button.

Sun, 02/20/2011 - 14:58 | 979787 Oh regional Indian
Oh regional Indian's picture

Check out chart number 10. It tells the whole story.

Look at the delta between deficit and surplus from the period about 1943 (biggest deficit) to 1947ish (only real surplus that registers).

It's all about war. And tellingly, the OMB estimate has it right back to that 30% mark.

It's around the corner and it's a damn shame. And inevitable.


Sun, 02/20/2011 - 20:35 | 980459 Ludwig Van
Ludwig Van's picture


Interesting that the last U.S. peak for top .01% income earners' share of total income (pushing 8% on this old chart [page 16], which we've likely surpassed) was in 1929.


Sun, 02/20/2011 - 21:33 | 980555 fragrantdingleberry
fragrantdingleberry's picture

Most Americans are spoiled, selfish ignoramuses. They have no work ethic and expect the government to guarantee their livelihood. Instead of cherishing the liberties gained for them by the blood of their fore-bearers ( and that's a stretch, today's Americans are totally disconnected from the founders), they readily trade it for welfare, food stamps and french fries. The majority of Americans are now supported by an ever diminishing minority. Is it any wonder that they can't stop the kleptocracy? 

Mon, 02/21/2011 - 00:22 | 980762 John Law Lives
John Law Lives's picture

Here is some good advice.  The bureaucrats in Washington should listen to this:

P.S.  This is really good...

Do NOT follow this link or you will be banned from the site!