Posted 11/7/2023, 9:51:32 PM
DoubleLine's Gundlach Predicts US Recession by Mid-2024 Due to Rising Debt and Interest Rates
- Recession likely by Q2 2024 according to DoubleLine's Jeffrey Gundlach
- Interest expense on US debt "exploding vertically"
- US will go into recession, if not already, by Q2 2024
- Interest rates will fall initially, but won't stay low due to fiscal problems
- Fiscal situation will worsen in a recession, leading to inflationary response
- Expect higher interest rates after recessionary response