With Bill Gross still in cross-asset limbo, it appears the undisputed fixed income crown, for now, goes to DoubleLine's Jeffrey Gundlach who recently opined, "something is not right." [6] Shortly, the monarch of money markets will be discussing the economy, the markets and his outlook 2015, in his latest webcast titled, rather ominously, "V". Given Gundlach's recent concerns about the "health of the economy and financial system," [6] we suspect the V-for-Vendetta climax anology may well be more what he had in mind...
The crash in the oil market is already causing jitters in the financial markets around the globe. What is your take on that?
Oil is incredibly important right now. If oil falls to around $40 a barrel then I think the yield on ten year treasury note is going to 1%. I hope it does not go to $40 because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be – to put it bluntly – terrifying.
He is not bullish!!
- *GUNDLACH SAYS OIL DECLINE HAS A MORE `SINISTER' SIDE
- *GUNDLACH SAYS OIL DECLINE MAY LEAD TO RIPPLING EFFECT
- *GUNDLACH SAYS OIL PRICE DECLINE WILL LEAD TO COLLAPSE IN HIRING
- *GUNDLACH: CAPITAL EXPENDITURE MAY `FALL TO ZERO' AMID OIL SLIDE
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