DoubleLine CEO and CIO Jeff Gundlach gave his latest presentation, entitled “Deficits Don’t Matter.”
His presentation provided insight into his take on the European debt crisis and questions about U.S. debt.
While he disagrees with a statement by Dick Cheney in 2002 alleging that “deficits don’t matter,” Gundlach said that, in economies suffering under massive debts, “the economy will only turn around if you make the debt problem worse.”
His trade ideas are often market-moving—his long natural gas/short Apple idea was going crazy in the last hour of the trading day.
We live-blogged the call below. Check out his full presentation here.