Bond investor Jeffrey Gundlach, the CEO of $150 billion DoubleLine Capital, sees trouble brewing in the economy, despite interest rates hovering near historic lows, a strong jobs report, and high consumer spending over Black Friday for the upcoming holiday.

Gundlach is looking specifically at the debt market, however, and he says there’s some major turmoil awaiting us in the 2020s because of the debt market, and historically low interest rates won’t be the savior many assume.

In a recent discussion with Yahoo Finance, Gundlach compared the current expansion to the boom that took place nearly 100 years ago. But the next decade will be the opposite of the roaring 1920s, he said, as the debt bomb the United States is sitting on becomes untenable in the next economic downturn. “It’s pretty interesting because the 20s in the 20th century, the 20s were super boom times. And weirdly, I think the 20s this time will be very much different than that, with real turmoil,” the 60-year-old billionaire said in a recent wide-ranging interview with Yahoo Finance.

Total household debt in the U.S. is

Yep-there's more-->
https://www.shtfplan.com/headline-news/gundlach-be-ready-for-real-economic-turmoil-in-the-2020s_12102019