Billionaire Jeffrey Gundlach has warned of 'painful outcomes' in the next recession.' inflation Fed
Billionaire 'Bond King' Jeffrey Gundlach Warns of 'Painful Outcomes' in Next Recession
“It doesn’t matter if it’s a soft landing or a hard landing,” he began. “People are always asking me this question: ‘How bad is the recession going to be?’ It doesn’t matter, as long as we’re going into a recession, you have to have a certain degree of protection.” Gundlach added: He noted that one indicator “that is the slam dunk on recession is if the unemployment rate crosses its 36-month, three-year moving average,” emphasizing: “We’re pretty far away from that, but that doesn’t happen at the front end of a recession. If that happens, it suggests you’re in more of a hard-landing type of recession.”
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