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Jeffrey Gundlach: Thanks for joining today's webcast.
Jeffrey Gundlach begins Just Markets, titled "Man Leaving a Bus: What Does It Mean?"
Jeffrey Gundlach starts his webcast "Cave People" in reference to Plato's cave metaphor.
DoubleLine CEO Jeffrey Gundlach: Outside the commodity and currencies complexes, assets ended up positive, across stock and bond markets, of the latter especially in credit.
Jeffrey Gundlach: There is dust in the crevices of our financial institutions. https://twitter.com/CNBCClosingBell/status/1635320310387064833Gundlach: All of us have experienced nothing but systematically declining interest rates over the last 40 years. We all think we know things based on our past experience. But we've no experience for a climate of rapidly rising interest rates.
The webcast title is in homage to the great singer/songwriter Marvin Gaye, whose song “What’s Going On?” topped the R&B charts and whose album by the same name was ranked in 2020 by Rolling Stone as No. 1 of the 500 greatest albums of all time.
Gundlach: There have been four QE’s, going back to 2008-2010. 201 billion of quantitative easing. A short while later, QE2 started November 2010, $565 billlion. QE 2012-2014, nearly $1.7 trillion. And then 2020-22 QE4 $4.6 trillion
Jeffrey Gundlach: "Convoy" has two meanings. Inspired by Canadian truckers go angry enough to take things in their own hands.
Jeffrey Gundlach: 2021 might end up running 7% year on the CPI
@Quillintel @DiMartinoBooth @EconguyRosie @biancoresearch Moderating the event was our very own Jeff Sherman, @DlineCap Deputy CIO and @ShermanShowPod host, who got DoubleLine’s Inaugural Round Table Prime underway by posing the question:
Follow along here for some highlights of @DLineCap CEO Jeffrey Gundlach’s presentation, “A Rolling Loan Gathers No Loss”, a title he credited to @Jkylebass and a metaphor for the corporate bond market.