DoubleLine CEO Gundlach: National Debt is totally out of control
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- เผยแพร่เมื่อ 25 ส.ค. 2024
- DoubleLine Capital CEO and founder sits down with CNBC's Scott Wapner to discuss the national debt and national deficit and why he's concerned.
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Where are my fellow republicans talking about national debt, they expend 8 years under Obama talking about it and now it's ok to keep spending and printing the us dollar, 8 years.
Gotta ask the libertarians
@@user-td7xf3gz4l Well, the chinese are hoarding gold. maybe they see a new gold standard coming.
Republicans' biggest problem with Obama's fiscal policy was that he was African-American, and not Republican. Let's be real.
The same place there were when they were bitching about food stamps and couldn't care less about the cost of invading and occupying Iraq.
7 trillion dollars vs. couch change so a working stiff can feed a bag of starch to his starving children.
I'd love Congress to cut spending! Shrink the size of the federal government DRASTICALLY
I could listen to Jeff all day.
The reporter's shoes lol
It’s amazing that investors don’t care about debt growth really at all
Ignorance is bliss -- until it ain't.
Yes they don’t care- until they care. Very soon.
They will but it will be too
late.
It does not matter until it does. And it will.. Things break slowly and then fail suddenly... Next recession will be fugly.
What investors? Corporations are getting paid, to take money from the FRB, and buy there own stocks.
the last voice of sanity in this world of debt junkies
most of the things he said was said first by peter schiff
Gundlach, probably the most sensible person commentating on this. Don't listen to the naysayers Jeff. There is a lot of lunacy out there right now. This full interview is very good and the last couple of youtube interviews with him. All he's doing is not jumping into 'the Emperor's new clothes' current mode of thinking.
Ray Dalio is very concerned about the situation as well.
@@lisad2701 Ray Dalio is great, and people should heed his investment advice particularly how to balance your portfolio for any scenario. However, he is not as honest as Gundlach, probably because he has too many eyes on him and doesn't want to be the spark that causes a market sell off. Same with a lot of other celebrity investors.
usa is shrinking so is europe n japan even with trillions of stimulus, 1930s recession coming
Get your gold and bitcoin folks
What's your weighting for those two? Not really a bitcoin guy, I prefer gold, however, I do think bitcoin could do well if the dollar goes south.
Nah
Bitcoin isn't immune from political manipulation. Governments can shut down Bitcoin. Gold and especially, silver are much more resistant to government interference.
@@drmodestoesq Governments cannot shut down bitcoin just like they can't stop torrenting. Do more research before speaking.
@@michael2275 The Chinese government can't make it a minimum ten year sentence for trafficking in Bitcoin? The OECD countries can't ban credit card companies and financial institutions from buying and selling Bitcoin?
Governments can't shut down Fentanyl trafficking but they can sure make it something financial mainstream doesn't want anything to do with.
Wow, all that money spent, still no universal healthcare, and a lagging education system. Where is all the money going? the middle east?
Military industrial complex is a good place to start with cuts. But will it happen? Most Americans have bought the con that getting involved in Crazy Achmed's interminable wars is "keeping them safe....we're fighting them over there so we don't have to fight them here."
Where is it all going? Government waste. Government spending needs to be cut DRASTICALLY across the board.
@@knpstrr The government waste argument is overrated. Social Security for example. A huge government expenditure. The government just cuts a check to everyone over 65. The administration costs are negligible.
There's zero chance that entitlements will be cut. The debt will have to be bought by the Federal Reserve and retired.
@@drmodestoesq I agree that there is zero chance that entitlements will be cut even though that is what needs to be done. And not just S.S. or Medicare all wealth redistribution programs need to be cut back and/or eliminated. However, I would say there is a near 100% chance entitlements and government spending will be increased. There is no money available to retire the debt. It will just keep growing. We're broke and people want "free" health care and "free" college.
@@knpstrr "No money available?"
The government has a printing press. And all the debt is denominated in U.S. dollars. To me the future is as clear as Zeiss glass. The government is going to buy the debt. It's the path of least political resistance.
At 0:45 he calls him Judge Wapner. hahaha
It's judge wapner's son.
We always talking shit about China debt when our national debt is on pace to be $43 quadrillion by year 2100
I think that you are being optimistic.
Lisa D lol
The last words are the key to the discussion.
The Fed follows the ECB and the BOJ.
Yeah, two broke central banks.
BOJ: "Let's spend government money trying to spur inflation that will never happen with a shrinking population." Are they still giving away houses for free?
Makeup guy went ham on that reporter.... yikes
With all this corporate and national debt new issuances, and fed lowering its balance sheet, how theres is still available cash to buy all this? Is there any graphic available to see when is expected for the market to run out of cash to buy new debt???
Damn this guy's handsome
Greg Mannarino says it, watch the bond market, that is where all the action are
Yes, and Mannarino FINALLY sees that he supported a conman in the White House. It was about time!
This guy gets 3% over 5 years on his bond fund. How can I get his job?
It’s coming
he's back! don't fuck it up again CNBC!!!
We put 10 million human beings into prison and created 4 million peace officers, defense lawyers, district attorneys and judges.
JG figured out the 22 Trillion debt is bad. I didnt need to go to Harvard to figure that out.
Look at the growth of Harvard's endowment since the Global Financial Crisis. How has it performed compared to a boring Stock Index fund? And this university is supposed to be the creme de la creme of financial geniuses? They got massacred by the indexes. They are geniuses as finding investments that suck.
What he is talking about with ECB and BOJ, I assume, is negative interest rates. If that happens, I will walk into my bank and take out every nickel in cash. Period!
Ooo it's coming. Want that sweet sweet Fdic insurance? Payus.
What he said is right OTHER than discussion on robust GDPs
Every 3= GDP WE HAD HAPPENED from hurricane/willdfire rebuilds followed b trade war stocking/related.
Every one of those 3+ prints adjusted for disaster relief was
Weird to see them outside. At least Gundlach is back on CNBC, only one talking the about the things no one else wants to talk about.
Genius
graham hammond scary
Someone telling truth
It's easy to forecast the economy. Our economy is based on abortion, incarceration, divorce and STDs. This is routinely called personal consumption expenditure, a concept that is difficult to model. Incarceration is easy to model. Statistics are published every month and also annually. You can easily get 10 years of data and compare it to GDP, birthrates and interest rates. Abortion can be modeled with scanner data of morning after pills (they are retail products). Divorce is available by state. STDs are easy to track. The most lucrative STD is HIV as it will generate $5.3 million of revenues per patient. Prior to HIV, an adult male would not generate even $600,000 of medical care.
you cant have trade deficit of $900 Billion and not borrow money, main strength of the US is its dollar, and if you want to keep USD as the world currency you need to provide liquidity to the rest of the world, which is in a form of issuing debt, as the proportion of US economy in the global economy is declining US only has to accelerate issueing its debt, contraction would only accelerate US decline. I dont see a way out, its hard to say how long will it take for this to blow up but its coming.
The only way out is war.
Once the yearly interest on the National debt becomes impossible to pay we have a problem, I'd call that the blowup moment. The other way would be the petrodollar collapse if the strait of Hormuz closes or electric cars become the norm - which will eventually happen.
Yes, buy will we see deflation and depression, or hyper inflation?
@@rs72098 nothing prevents Fed from printing money to pay off the debt for the time being, surprisingly investors did not pull out their money after GFC when fed was engaging in crazy QE. if straight of Hormuz closes you know what that means, war with Iran which will cost trillions and will add up to national debt, I dont think US can afford another war atm.
like Barry said solution could be a war, with China (not with Iran) which will end up being a nuclear war and end of the world or a global recession, one that destroys economies of Asian nations but wouldn't effect that much to the US, which is impossible as Chinese would starts selling US debt. so I dont see a way out, this could last for a decade or more and Chinese do not want US collapsing now, once they are superior militarily and economically to a different level they will dump US like a b*tch
proper trade deals and eradication of WTO is the way out but China would fall apart in couple of years in that environment so thats not happening.
He is being talking about that recession a year ago and it hasn't come yet. So if people buy what your saying and setting on sideline, they would have missed huge gains.
We are in recession now. It started 7/3/2019.
Harry Dent was right, way ahead of Gundlach, except he forgot low unemployment. The US is mimicking Japan, deflation with record high debt, and extremely low unemployment due to aging demographics. Babyboomers are retiring like crazy while millenials can't fill all the jobs. Likewise consumer spending will also fall, and governments will spend higher amounts of money to spur inflation.
2020 has entered the chat...
Actually surprising to see him on CNBC. Didn’t think he would go back on again.. nonetheless always list to what E. F Hutton has to say 😂
Whats going to happen in the next recession?
A. Bail outs for wall street
B. Trillions more in debt.
C. Socialist Revolution
D. All of the above
Bail ins for Banks.
I don't think it's nearly as bad as he makes it seem. The interest on these debts is farrrrr less than back in 2007 and the Fed isn't going to push it up much because inflation is low. So the country can handle a much higher debt with these lower interest rates, as long as it's spent on investments and not on wasteful things.
You are telling me investments are not a waste at the moment? I have some Uber stocks to sell you. Maybe a piece of BuzzFeed.
No out, only crushing the dolloar is the only way out?!!!
it only matters if you do not consider strategic default. turn the problem into a weapon.
We poor countries will print also money without borrowing USA banks !
USA will eventually have a Puerto Rico debt collapse moment, where the whole financial system will have to reset since the debt is unsustainable long term.
No they won't they'll just print it
Great time too short.
Trump in office debt is the gift for your children
Its always the kid that makes the last out in the last inning who is responsible for the loss.
You guys don't have to worry , You've got a machine that can print trillions of counterfeit notes!!
You need a gold standard which will force your govt to run balanced budgets.
Doesn’t matter Dem/Rep.. we are in serious trouble coming and people are going to be scared as heck😭
Atlas Shrugged is here!!!
Ha ha...Bring on da ZIRP...Bring on da NIRP...US crony capitalism is about to crash the Empire!
Peter Schiff is far better than Gundlach
Not at making money he isn't
@@stopasking9745 lol but telling the truth he is. I agree though he's been wrong for some time. He missed out on the biggest bull market in history.