Gundlach: Debt Is Still the Problem
After predicting a subprime meltdown three years ago, DoubleLine Capital's CEO sees problems on the horizon.
Jeffrey Gundlach, CEO and CIO of DoubleLine Capital LLC and lead manager of DoubleLine Total Return Bond (DBLTX), doesn't deny that there's been some good economic news lately. He just doesn't believe it'll last much longer.
Gundlach, who will deliver the keynote address at Morningstar's Investment Conference Wednesday, said the federal government's stimulus package helped the economy grow for a year or two.
David Kihara does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.