I’m happy I invested in Gundlach’s funds immediately after he started Doubleline. He is a rare kind of visionary, intellectual, deep thinker with a phenomenal knowledge of history.
Im a huge fan of Jeffrey Gundlach. I always make it a point to listen, not just hear whatever he has to say and incorporate as much as I can into my own investment strategies.
Jeffrey really knows what he is talking about. I'm ready whatever direction the SP500 gos.. I invest in high quality dividend growth companies and sleep well at night during a bull market but also during a bear market.
Dividend paying better than non dividend paying but remember that a lot of companies cut dividends in the early 2000's with tech bubble and in 2008 with housing crisis. The dividend on the Sand P 500 as a whole fell during those periods.
There's no fighting against the recession it's already here. Nothing changed since 2008 Americans never recovered continuing to print money with QE4 is just life support for an economy that consumes more than it creates.
Nice to hear an honest / factually supported analysis rather than some adrenaline fueled spin being promoted by market day trader "players". Agree re: Jay Powell. Had such high hopes for his influence initially...he seems to have done a total "about face" ... all caught up in the shenanigans of the "Market Manipulators".
I work for a financial services company with several monitors on our floor tuned in to CNBC with the volume on mute. The large bold white banner at the bottom of the screen shouted out, KEEP BUYING STOCKS! Something strangely Pavlovian going on here! Lol.....when these markets blow, it will truly be epic!!
I agree with him on pretty much everything, BUT here's the deal - people don't agree with him, nor do they understand the issues, so there won't be a recession since markets are all about psychology.
Wow... on a fun side note Saudi Arabia is starting to move this direction as well. Their gov owned IPO looks like a dumpster fire. (For long term investing.)
I was planning on creating a U.S. Dollar Safe Haven however I have been told that it won't be wise to hold U.S. Dollars during the upcoming Recession. Jeffrey Gundlach just confirmed it, that the U.S. Dollars will be dumped. So my question is, is there an alternative to the U.S. Dollar? The Swiss Franc and the Japanese Yen have also been good safe havens, however, I'm worried about the high government debt in Japan 🇯🇵. Will the high government debt weaken the properties of the Yen being a safe haven? I'm comfortable with the Swiss Franc being a Safe Haven, I will add gold and bitcoin to my portfolio (Swiss Franc, Gold and Bitcoin). I need clarity on the Japanese Yen so that I may make a decision whether to add the Yen to my portfolio.
Consumer purchasing is powered by credit card increased debt and represents in today's market 70% of GDP ... Nothing can be sustained by increasing debt to maintain market conditions. The average person today is financially spent and the monied class is hoarding dollars in anticipation of the crash in the economy waiting to buy up cheap any useful assets.
He mentions the Ten yearTreasury in 2016 being historically @35:52 and the bond market to be challenging. Why? Bonds are lower now, and long govt bond prices are high...
I saw that yellow orange tye on the thumbnail and thought "this guy's probably got something insightful to say". I thought that because yellow is the libertarian party color, and gold bullion stands for fiscal responsibility. Sure enough he had lots of stuff to say I resonate with, such as crypto, the yield curve, recession, etc...
Just raise the social security to 70, simple and easily said from someone who does not need social security to eat, keep a roof over his head or buy medicine. The way to fix this economy is to lower housing costs and raise wages. Lower and middle class families need to be able to survive. The income inequality gap is the problem. More billionaires means we have more poor, there isn’t enough money for everyone to be a billionaire. Logically we all know this. There’s only one pie and we all need a piece of it. There was once a time in America where even my immigrant parent could work for minimum wage, save for years to buy a house. They had great benefits while working in blue collar factory jobs that required little English language. They brought home free turkeys every thanksgiving, had a Christmas bonus, free yearly tickets to Disneyland and company sponsored family field trips one day a year. They had great family health insurance that cost almost nothing. As a college educated white collar employee, I struggled to save to buy a home so have had to do side hustles in addition to working full time to save for a home purchase. Corporations are tightening their belts on all company benefits but CEO compensation is at a all time high. Profits are going to investors and top executives, while wages remain stagnant for too many workers. Affordable housing and a living wage is what we need.
Cali Dreams we can raise wages and lower housing costs by ending mass immigration, but neither party wants to do that and in fact the Democrats will open the borders wider
@@ytyt3922 I agree that there are problems with the Democrats, with Republicans being no better, but people blindly accepting political narratives is getting old.
I don't like the idea of raising the age either but it would most likely affect only new people entering the labor market, not those in or nearing retirement. I was part of one such generation. My two older brothers are able to collect earlier than me. My age adjustment occurred decades ago, not anything recent. And I still have several years before retirement.
Jeff Gundlach is more smiles recently, has anyone else noticed? Sometimes he really seems nerdy and apathetic. Here he seems genuinely super likable. Maybe he had been having a really good day here?
He simply lists Japan, Europe, emerging markets, and the US as belonging to some important group. He gives no reason how their conditions are supposed to be similar.
Gundlach knows his $hitte, I bet he's out of All USA paper assets and into hard stuff real tangible items! U should also if ur the Biggest debtor Nation in human history. ...Legend
All a big scam on middle class. Put the interest rates back to 5 % and stop all fed reserve intervention then tell me how great this economy really is.
Julia did an excellent job with this interview. I can see her moving to Fox, Bloomberg, or CNBC to be with a larger audience. Gundlach is one smart dude. But I disagree with the assessment that the US would not recover from the next recession. He points to history as his guide. The reason why the US is so great is the people enjoy freedom. The entire creative force of the American people is directed at expanding the US economy. This creativity will remain after the next recession. Who will replace us? China? Their people are constrained by the PBOC and will do as told. They are good to produce stuff but cannot ascend to the level of breakthrough technology.
JG, how do you save social security? Raise the retirement age = life expectancy age. Well, what good is that if you die before you collect? How about raising the income caps that you pay into?
@19:10 - I think it might be useful if the US goes to negative rates while Japan & Europe are in negative rates, because that would reduce the carry trade among the major economies to cause greater effects on the home economies of those who are lowering their rates. Arguably, the Emerging Country markets would still get capital inflows through carry trade, but the major developed economies would still benefit more than they otherwise would have.
and we'll keep bailing out the banks and now the agriculture industry, nothing like corporate socialism to keep us working class schulbs nothing more than debt slaves. Too bad all that cash flow and prosperity produced by trickle down economics from those huge tax cuts for the top tier earners and fortune 500 companies never materialized. oh well, guess we just have to bite the bullet and pick up a 2nd job to supplement our stagnant wages.
As Jeff and others have said, debt does not matter, until it does. Meaning you can keep piling it up with no apparent effect until the system crashes. I suppose we are in for a real hum-dinger some day.
@@tommyz0123 if the GDP drops to low, it's a major problem, the U.S. dollar is backed only by American goods and services, print all the money you want, if weakened too far by a stagnant or dwindling GDP, it could be disastrous once foreign countries decide it's time to cut and run, and begin a rush to cash out their holdings of U.S. treasuries.
This coming from a guy who called the S&P top a YEAR AGO. Then when that got blown out of the water he said the Dow still didn't hit new highs so it was in a bear. Then when that hit new highs he stopped talking about his blown calls. Those who shorted or worse bought 1 year out puts on the S&P during his Dec 2018 interview they'd be down like 40% if they were short and completely broke had they bought the puts.
Uau, corporate bonds is basically all I have in my bond portfolio part. And since I only care for interest/dividends, I have even fallen in the trap of buying long term bonds, that end at 2030's 2040's to grab those 4,5 to 5% yielders. But I also hold to maturity
I get the point about not running a deficit but JG doesn't propose an alternative to MMT. We've had MMT since 2008 in the form of QE and repo to suppress rates. QE1 likely prevented a full blown depression.
Agreed on QE1, but what about the others? Emergency measures make perfect sense during the emergency, but 10 years later with near record low unemployment and a meteoric stock market and they're still pressing the panic button!
@@robbiep742 From listening to both of the men, my opinion is that when shchiff does a podcast within 24 hours Jeff is quoting something from it. He even uses the same exact language sometimes. Not always, but he does do it.
Yes the markets are doing great. Rich investors are raking in the doe. Good for them. Stock buy backs are serving the well to do very well. 80% of workers are living pay cheque to pay cheque.
![Jeffrey Gundlach on coronavirus recession: A V-shaped recovery is 'highly optimistic' [Full]](http://i.ytimg.com/vi/Hv9ZS5YmONU/mqdefault.jpg)
Great interview. The Lady does a great job, she doesn't interrupt Jeff, she just lets him speak.
Jeff answers every question honestly and humbly. No dodging the bullet or posing his own question and answering it. Respect every time I watch him 👏🏼
EXCELLENT.
LETTING MR JEFFREY GUNDLACH JUST SPEAK .
EXCELLENT.
I LISTEN .
I LEARN .
NO INTERUPTIONS TO HIS TALKING .
EXCELLENT .
Excellent guest, excellent interviewer... content gold 🔥
Lol ?..whats. GoLd
Great interview Julia. Jeffrey Gundlach is brilliant.
Great interviewer. She's a beauty,and allows the guest to answer w/o interruption.
Quit with the thirst. Beta boy you are
@@scottmoering9810 No son, just giving a compliment. I'm single,retired, and the king of my castle.
paul moss right
allen kimble huh? Ok weirdo , go back to the Alex Jones channels and spew that garbage there.
I like this non-interrupting, non-fidgeting and authentic style of interviewing. The shows on the networks are too "overproduced".
Great interview. Spot on questions by Julia, who smartly lets Jeffrey speak. Much wisdom here. Thank you Julia!!
@Julia La Roche THANK YOU Julia , Thanks very much .
The best interview involving the economy that I have seen. Wow.
Thank you Jeffrey, thank you Julia !
I’m happy I invested in Gundlach’s funds immediately after he started Doubleline. He is a rare kind of visionary, intellectual, deep thinker with a phenomenal knowledge of history.
wow, an interviewer that lets her guest speak.
Im a huge fan of Jeffrey Gundlach. I always make it a point to listen, not just hear whatever he has to say and incorporate as much as I can into my own investment strategies.
He makes so much sense the way he explains things in simple terms. Great host.
Was it really that simple?
Interviewer Julia asked good questions and let him speak. Constantly adding value and sharing. Good interview 👍
Jeffrey really knows what he is talking about. I'm ready whatever direction the SP500 gos.. I invest in high quality dividend growth companies and sleep well at night during a bull market but also during a bear market.
Dividend paying better than non dividend paying but remember that a lot of companies cut dividends in the early 2000's with tech bubble and in 2008 with
housing crisis. The dividend on the Sand P 500 as a whole fell during those periods.
Bubba Blackmon words of wisdom. Very true!
I love Julia, only reason I watch
Wowww very nice to listen all. Thanks Jeffrey.
Was the 15-minute interview just a montage of bits and pieces of this? I was stoked to see a 45-min interview! Great job with this
Julia La Roche thanks for clarifying. Awesome interview!
Interesting viewpoints. A realist, you dont hear that much from super wealthy people.
Best guy on Wall Street to follow
A rich guy who still remembers the approximate life of a set of tires. My kind of guy.
He got rich because he’s a realist in a field where you need to be realist to become rich.
There's no fighting against the recession it's already here. Nothing changed since 2008 Americans never recovered continuing to print money with QE4 is just life support for an economy that consumes more than it creates.
Nice to hear an honest / factually supported analysis rather than some adrenaline fueled spin being promoted by market day trader "players". Agree re: Jay Powell. Had such high hopes for his influence initially...he seems to have done a total "about face" ... all caught up in the shenanigans of the "Market Manipulators".
GMac5409 it’s gonna get worst before it gets better, white nationalist vs socialists
@@mr.anderson9938 Seems we truly are living in "interesting times". So much uncertainty ....
Intelligent conversation- good stuff.
I work for a financial services company with several monitors on our floor tuned in to CNBC with the volume on mute.
The large bold white banner at the bottom of the screen shouted out, KEEP BUYING STOCKS!
Something strangely Pavlovian going on here! Lol.....when these markets blow, it will truly be epic!!
Great job Julia!!!
Great man! 👍
I agree with him on pretty much everything, BUT here's the deal - people don't agree with him, nor do they understand the issues, so there won't be a recession since markets are all about psychology.
Thank you Julia, great interview, Jeffery and you are professionals!🤓
I did a thumbs up just because of julia
"Absent The Federal Reserve doing massive purchases" lol. Of course they will do that. In Japan the gov bank owns like 2/3 of the stock market.
Wow... on a fun side note Saudi Arabia is starting to move this direction as well. Their gov owned IPO looks like a dumpster fire. (For long term investing.)
Very well explained. Very.
I was planning on creating a U.S. Dollar Safe Haven however I have been told that it won't be wise to hold U.S. Dollars during the upcoming Recession. Jeffrey Gundlach just confirmed it, that the U.S. Dollars will be dumped. So my question is, is there an alternative to the U.S. Dollar? The Swiss Franc and the Japanese Yen have also been good safe havens, however, I'm worried about the high government debt in Japan 🇯🇵. Will the high government debt weaken the properties of the Yen being a safe haven? I'm comfortable with the Swiss Franc being a Safe Haven, I will add gold and bitcoin to my portfolio (Swiss Franc, Gold and Bitcoin). I need clarity on the Japanese Yen so that I may make a decision whether to add the Yen to my portfolio.
He speaks truth.
Consumer purchasing is powered by credit card increased debt and represents in today's market 70% of GDP ... Nothing can be sustained by increasing debt to maintain market conditions. The average person today is financially spent and the monied class is hoarding dollars in anticipation of the crash in the economy waiting to buy up cheap any useful assets.
Great interviewer - let him speak! Excellent work, YF!
Amazing interview great questions and answers.
Great interviewer. And Mr. Gundlach is absolute great, I wish I could work for him.
Great interview. Great way to start planning for the new year.👍
The forth turning, thankyou Yahoo
excellent interview.. worth the time invested.
One of my favorite guys. I hope to catch him on the streets of Los Angeles one day and hopefully he’s as cool as I imagine him to be.
dont meet ur heroes/
He mentions the Ten yearTreasury in 2016 being historically @35:52 and the bond market to be challenging. Why? Bonds are lower now, and long govt bond prices are high...
The best financial pundit in the game right now
Pundit game strong 💪🏋️♂️
@@kqh123 wise words
SOCIALISM>>>>"GOVERNMENT OF THE PEOPLE BY THE PEOPLE FOR THE PEOPLE"
I saw that yellow orange tye on the thumbnail and thought "this guy's probably got something insightful to say".
I thought that because yellow is the libertarian party color, and gold bullion stands for fiscal responsibility.
Sure enough he had lots of stuff to say I resonate with, such as crypto, the yield curve, recession, etc...
Just raise the social security to 70, simple and easily said from someone who does not need social security to eat, keep a roof over his head or buy medicine. The way to fix this economy is to lower housing costs and raise wages. Lower and middle class families need to be able to survive. The income inequality gap is the problem. More billionaires means we have more poor, there isn’t enough money for everyone to be a billionaire. Logically we all know this. There’s only one pie and we all need a piece of it. There was once a time in America where even my immigrant parent could work for minimum wage, save for years to buy a house. They had great benefits while working in blue collar factory jobs that required little English language. They brought home free turkeys every thanksgiving, had a Christmas bonus, free yearly tickets to Disneyland and company sponsored family field trips one day a year. They had great family health insurance that cost almost nothing. As a college educated white collar employee, I struggled to save to buy a home so have had to do side hustles in addition to working full time to save for a home purchase. Corporations are tightening their belts on all company benefits but CEO compensation is at a all time high. Profits are going to investors and top executives, while wages remain stagnant for too many workers. Affordable housing and a living wage is what we need.
Cali Dreams we can raise wages and lower housing costs by ending mass immigration, but neither party wants to do that and in fact the Democrats will open the borders wider
@@ytyt3922 I agree that there are problems with the Democrats, with Republicans being no better, but people blindly accepting political narratives is getting old.
I don't like the idea of raising the age either but it would most likely affect only new people entering the labor market, not those in or nearing retirement.
I was part of one such generation. My two older brothers are able to collect earlier than me. My age adjustment occurred decades ago, not anything recent. And I still have several years before retirement.
The Fed's paper turds are starting to stink the Fed out.
I'd be like, "You could get whatever.
Just have basements and floors."
watching this 7 months later, he spot on. i think we are close to a few banking failures.
Great interview. Need more interviewers that actually let the interviewee speak
Thank you
new KING of bonds.
Great interview
Hey thanks Jeff, doubleline total return has performed well in the last few years 🤦🏻♂️
Jeff Gundlach is more smiles recently, has anyone else noticed? Sometimes he really seems nerdy and apathetic. Here he seems genuinely super likable. Maybe he had been having a really good day here?
I'd be like, "People are into 1,2,3, and 4.
Without noticing how the first three are closer to one another..."
Inflation is so low you need multiple care credit accounts to buy a backpack?
He simply lists Japan, Europe, emerging markets, and the US as belonging to some important group. He gives no reason how their conditions are supposed to be similar.
I recall him mentioning that they are not the same but each on its own rise-and-fall cycle.
Jeff does a good job of pretending not to look down.
There was a German who chose to not play soccer professionally.
So just sitting at home.
His gold tie is hinting for us viewers to buy gold to hedge out volatility
Gundlach knows his $hitte, I bet he's out of All USA paper assets and into hard stuff real tangible items! U should also if ur the Biggest debtor Nation in human history. ...Legend
Alot of it is a waste of cash that could be doing real work, in my view.
"CITIZENS UNITED">>>GOVERNMENT OF THE RICH BY THE RICH FOR THE RICH
All a big scam on middle class. Put the interest rates back to 5 % and stop all fed reserve intervention then tell me how great this economy really is.
Julia did an excellent job with this interview. I can see her moving to Fox, Bloomberg, or CNBC to be with a larger audience.
Gundlach is one smart dude. But I disagree with the assessment that the US would not recover from the next recession. He points to history as his guide. The reason why the US is so great is the people enjoy freedom. The entire creative force of the American people is directed at expanding the US economy. This creativity will remain after the next recession. Who will replace us? China? Their people are constrained by the PBOC and will do as told. They are good to produce stuff but cannot ascend to the level of breakthrough technology.
The only creativity in US after 2008 was trillions in bank bailout money which floated the economy till now.
You're a fool. The USA was free in the 1800's, more free than now and it was a horrible place to live. WAKE THE F UP
You're a fool. The USA was free in the 1800's, more free than now and it was a horrible place to live. WAKE THE F UP
In order to move to other networks, she needs to learn to talk over her guests..lol
@@scottmoering9810 Was the USA free if you were black in the 1800s?
JG, how do you save social security? Raise the retirement age = life expectancy age. Well, what good is that if you die before you collect? How about raising the income caps that you pay into?
Whats his track record on prediction accuracy?
Is he Elon's dad
So the legend goes lol
Elon got his first principles approach from him (according to the legend)
@19:10 - I think it might be useful if the US goes to negative rates while Japan & Europe are in negative rates, because that would reduce the carry trade among the major economies to cause greater effects on the home economies of those who are lowering their rates. Arguably, the Emerging Country markets would still get capital inflows through carry trade, but the major developed economies would still benefit more than they otherwise would have.
"I can't afford people
not knowing that
students
- skip Precalculus and
- don't have Water-Operator, work experience."
19:54
FACTS. Monetization of the debt is all it is
He is worth giving your attention. If you want to make money you have to be where the money is.
Well, here we are 4 months after, right?.. I guess he wasn't wrong 😂
41:45 Per Jeffrey's explanation, how are we not currently under an MMT economic regime?
This guy is so damn smart.
It's not real until it incorporates real knowledge.
I've been hearing the debt is too high since the 1980's. We'll keep voting in the same losers offering new spending programs.
and we'll keep bailing out the banks and now the agriculture industry, nothing like corporate socialism to keep us working class schulbs nothing more than debt slaves. Too bad all that cash flow and prosperity produced by trickle down economics from those huge tax cuts for the top tier earners and fortune 500 companies never materialized. oh well, guess we just have to bite the bullet and pick up a 2nd job to supplement our stagnant wages.
As Jeff and others have said, debt does not matter, until it does. Meaning you can keep piling it up with no apparent effect until the system crashes. I suppose we are in for a real hum-dinger some day.
The national debt is not a problem as long as the dollar is the world’s currency and treasury can keep printing it.
@@tommyz0123 It's a problem when the dollars I own are being intentionally devalued. It cost $2 to see Star Wars in 77.
@@tommyz0123 if the GDP drops to low, it's a major problem, the U.S. dollar is backed only by American goods and services, print all the money you want, if weakened too far by a stagnant or dwindling GDP, it could be disastrous once foreign countries decide it's time to cut and run, and begin a rush to cash out their holdings of U.S. treasuries.
This coming from a guy who called the S&P top a YEAR AGO. Then when that got blown out of the water he said the Dow still didn't hit new highs so it was in a bear. Then when that hit new highs he stopped talking about his blown calls.
Those who shorted or worse bought 1 year out puts on the S&P during his Dec 2018 interview they'd be down like 40% if they were short and completely broke had they bought the puts.
ISM bad
Consumer Sentiment steady
Consumer Confidence bad
wha'ts the diff in the last two?
Pretty sure they are the same thing.
He references Elizabeth Warren then global powwow. Freudian slip? 😀
So when are you going to blame Trump?
Ahhh... simpler times
Wow. Who is this guy. Never heard of him. In 3 years to 50 Billion AUM is impressive!!!
Jeff, undo your jacket when you sit down man. It's a 1hr interview, get comfy!
A Brilliant Gentleman.
How does one play defense right now?
Uau, corporate bonds is basically all I have in my bond portfolio part. And since I only care for interest/dividends, I have even fallen in the trap of buying long term bonds, that end at 2030's 2040's to grab those 4,5 to 5% yielders. But I also hold to maturity
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I get the point about not running a deficit but JG doesn't propose an alternative to MMT. We've had MMT since 2008 in the form of QE and repo to suppress rates. QE1 likely prevented a full blown depression.
That is what makes politics politics. It's when you can clearly identify a problem, but struggle at providing a solution.
Agreed on QE1, but what about the others? Emergency measures make perfect sense during the emergency, but 10 years later with near record low unemployment and a meteoric stock market and they're still pressing the panic button!
I like this guy
I like Gundlach a lot and think he's dead on, but -at least till now- he is dead wrong.
- GORGEOUS -
She is ok. You're a simp.
Damn baby
This guy is great. What makes him great is that he just puppets Peter Schiff. I wish he would just come out of the closet as a Schiffite
LOL what? Jeff is worth $2.1 billion and Schiff is worth $70 million.
Sure it isn't the other way around? How much does Schiff manage?
Robbie Perlstein so? What does that have to do with it?
@@ytyt3922 i don't think being aware of global economic problems makes one a schiffite, being a gold bug adverse to risk in markets does
@@robbiep742 From listening to both of the men, my opinion is that when shchiff does a podcast within 24 hours Jeff is quoting something from it. He even uses the same exact language sometimes. Not always, but he does do it.
she adores Jeffrey and her really likes her. Nice
Bravo!
Yes the markets are doing great. Rich investors are raking in the doe. Good for them. Stock buy backs are serving the well to do very well. 80% of workers are living pay cheque to pay cheque.
Gundlach is super smart
I agree with the comments below
I wish she could challenge him more. He's a billionaire after all. But great video.