Name: DoubleLine CEO expects imminent US recession, government debt surge
Uploaded: 2024-05-23T20:13:58-04:00
Duration: 5 min
Description: (Changes “Treasuries” to “Treasury” in last paragraph) By Davide Barbuscia NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of investment management company DoubleLine Capital, expects a U.S. recession as soon as this year, he said on Thursday, as higher interest rates pressure U.S. consumers and companies. Signals of brewing trouble in the U.S. economy […]

Tag: DoubleLine

DoubleLine CEO expects imminent US recession, government debt surge

(Changes “Treasuries” to “Treasury” in last paragraph) By Davide Barbuscia NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of investment management company DoubleLine Capital, expects a U.S. recession as soon as this year, he said on Thursday, as higher interest rates pressure U.S. consumers and companies. Signals of brewing trouble in the U.S. economy […]

This ‘magic number’ for mortgage rates will thaw the housing market and allow prices to drop, DoubleLine says

The 30-year mortgage falling to 5% could bring many current homeowners back to the market to list their house for sale.moodboard/Getty Images If mortgage rates hit 5%, the market could unfreeze and prices may fall, DoubleLine said in a note. Lower rates will bring homeowners back to the market, fueling inventory volumes. Others have said […]