Gundlach Warns "America's Credibility Is Slowly Eroding"

Tyler Durden's picture

Reflecting on the collapse of the USD, the surge in gold, the Chinese ratings agency downgrade, and the groundhog-day-like world in which the US government (and markets) live, DoubleLine's Jeff Gundlach warns that "America's credibility is slowly eroding." In his typical manner, Gundlach rapidly and efficiently covers a lot of ground in these brief clips; from the growing skepticism of the rest of the world towards the US' full faith and credit, to no end in sight for QE and reignition of bond inflows under an even more interventionist Yellen, to his views on Tesla, Google, and Apple.

On America's credibility (and growing skepticism around the world)...

  • *DOUBLELINE'S GUNDLACH SAYS U.S. CREDIBILITY SLOWLY ERODING

On Fed Policy..

  • *GUNDLACH SAYS SHORT-TERM RATES TO STAY LOW
  • *GUNDLACH SAYS QE WON'T BE REDUCED IN NEXT FEW MONTHS
  • *GUNDLACH SAYS CREDIT MARKET TO BE SAFER PLACE THAN IN PAST WKS
  • *GUNDLACH SAYS YELLEN CLEARLY IN FAVOR OF GOVT INTERVENTION
  • *GUNDLACH SAYS VERY LIKELY THAT FED INTERVENTION TO CONTINUE
  • *GUNDLACH SAYS FED INTERVENTION MAY INCREASE UNDER YELLEN
  • *GUNDLACH SAYS FED WON'T START TALKING ABOUT TAPERING SOON


On US Stocks:

  • *GUNDLACH SAYS QE TIGHTLY CORRELATED WITH STOCK MARKET GAINS
  • *GUNDLACH SAYS QE IS WITH US
  • *GUNDLACH SAYS STOCK MARKETS HAVEN'T MADE PROGRESS SINCE MAY
  • *GUNDLACH SAYS I LIKE APPLE OK
  • *GUNDLACH SAYS DISAGREES WITH PEOPLE WHO CALL APPLE NO BRAINER
  • *GUNDLACH SAYS TESLA IS NOT SOMETHING I WOULD OWN
  • *GUNDLACH SAYS TESLA DIFFICULT TO BE AGAINST B/C OF MOMENTUM
  • *GUNDLACH SAYS GOOGLE DOESN'T LOOK GOOD TO ME
  • *GUNDLACH SAYS GOOGLE SHOULD BE `HARVESTED' FOR CAPITAL GAINS

On US Bonds:

  • *GUNDLACH SAYS BOND INFLOWS MAY COME BACK
  • *GUNDLACH SEES MODERATE BOND FUND INFLOWS IN REST OF YEAR
  • *GUNDLACH SAYS CLOSED-END BOND FUNDS `REALLY CHEAP'