U.S. GDP growth based ‘exclusively’ on government, corporate and mortgage debt: Gundlach

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FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019 web novel Zoara. REUTERS/Brendan McDermid/File Photo

(OnNewsToday) – U.S. GDP growth appears to be based “exclusively” on government, corporate and mortgage debt, warns Jeffrey Gundlach, chief executive of DoubleLine Capital, in an investor webcast Tuesday 콜 오브 듀티1 다운로드.

“Nominal GDP growth over the past five years would have been negative if U.S. public debt had not increased,” said Gundlach, known as Wall Street’s Bond King 007 Skyfall Download.

Reporting by Jennifer Ablan; Editing by Lisa Shumaker

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