The U.S. economy shares some similarities with Ancient Rome, argues Jeff Gundlach.
Gundlach, the bond legend behind DoubleLine Capital, led a presentation yesterday titled: “The Decline and Fall of the Roman Empire.”
Like Rome, the U.S. has a bloated military budget said Gundlach. To describe the scale of the U.S. budget relative to the rest of the world, he provided these eye-popping tables.
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