Bond King Message: Jeffrey Gundlach , CEO of DoubleLine, That's the gloomy outlook Jeffrey Gundlach , CEO of DoubleLine, delivered to CNBC CNBC Interview Monday April 27 on Monday as the stock market staged a strong rally in the face of what he believes is too much optimism. "People don't understand the magnitude of... social unease... that's going to happen," Gundlach explained. "We've lost every single job that we created since the bottom in 2009." With that in mind, he revealed that he just shorted the S&P at 2,863.
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Watch the US Debt Clock. The REVENUE is Running BACKWARDS! Click Here for LIVE Data Is this Good? What does it Mean to have Revenues running Backwards? Why? Note that Consumer Spending makes up over 70% of the GDP. This chart is showing the results of having US citizens sheltering in Place. The fact that consumer debt is at an ALL-TIME HIGH. Consumers are tapped out on too much credit card and mortgage expenses relative to their incomes. Many US consumers, over 10 million and climbing have lost their jobs as a consequence of protections from the COVID19 virus pandemic.Note as a result of 2008 recession unemployment jumped to 10%. Todays unemployment is expected to jump to 30%! Most "non-essential" retail/service stores are closed. Use of travel in all forms: auto, bus, train, airlines has dropped more than 50%. Many destinations in US and Worldwide that depend on tourist traffic are deserted. Gasoline use and traf...
What is GDP and How is it Calculated GDP Genesis GDP comes from the Commerce Department’s Bureau of Economic Analysis. Compiling it is a giant, difficult, never-ending task, one the BEA staff takes seriously. From time to time, we hear stories about political interference, but I think that unlikely. Too many people are involved to keep any such efforts secret. The BEA has a handy, colorful, two-page sheet on its website that explains today’s GDP in big letters. Here is how they define it. Source: BEA
The U.S. Federal Deficit Is About to Soar By Tom Dyson March 28, 2020 "...I used to work for the “repo” (short-term loans) desk at Citigroup. So when I started studying the markets again in 2018 after my two-year sabbatical, it was the first thing I noticed. “The plumbing beneath the banking system is blocked,” I wrote . The cause: Enormous amounts of cash the government was soaking up and the inability of the banking system to meet its appetite. As I warned many times last summer, if they didn’t unblock the money markets things would “start blowing up.” Things blew up on September 17, 2019 when the interest rate on short-term loans spiked from 2% to 10% in a matter of minutes. The Fed turned on its printing press and began bailing out the government. It couldn’t let the government collapse financially. That was the moment I was sure we were about to get inflation...." Further reading... Comment: It nice to hear from someone with...
Real Estate Market: Will It CRASH? If So, When? (Answered)
George Gammon gives the BEST EXPLANATION for Economics EVER! It is Fascinating! Enjoy, Norton West | Real Estate-a Look Ahead | Long-term Real Estate Cycles |