Jeffrey Gundlach: The chance of recession is higher than 50%

[Quixote1818]

[bucolic_frolic]

1. Hedge Fund Gurus with forecasts, or is it speculation?

I just think when they do these interviews the whole idea is to say something that benefits their holdings, without violating disclosure laws, but also to not tip their hand to the public or competitors as to what they're investing in. So you get these vague pronouncements. That guy did a lot of gasping, heavy breathing, he looked really uncomfortable. And all he had to admit was the government should raise taxes on him to reduce the deficit. Did you notice it's all about cutting the budget, but never about tax rates on hedge fund managers who make billions?