「New Bond King」 Gundlach: Probability of U.S. Economic Recession Exceeds 50%, Fed Will Not Cut Rates at Next Meeting

BlockBeats News, March 21st, Jeffrey Gundlach, CEO of DoubleLine and known as the "New Bond King," said on Thursday that he believes the risk of an economic recession is increasing, and the market may be on the brink of another period of painful volatility.

Gundlach believes that the likelihood of an economic recession in the next few quarters is between 50% and 60%. Despite the Federal Reserve's inflation target of 2%, Gundlach believes it is difficult to predict that the inflation rate will remain stable at this level. He also pointed out that the U.S. economy is currently stable but hinted that the current situation may be moving towards quantitative easing.

Gundlach also shared his investment advice. He suggested that U.S. investors stay away from U.S. securities. He warned that a reduction in government spending could slow down economic growth.

Furthermore, Gundlach emphasized the strong performance of gold, Bitcoin, and other tangible assets. He advised that investors with portfolios primarily denominated in U.S. dollars should consider diversifying their investments, reducing their reliance on the U.S. market, and instead seeking investment opportunities in Europe and emerging markets. (Jinse)