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'A recession will come': Experts across Wall Street are warning of hiccups in a market that 'sounds a lot like subprime in 2006'

'A recession will come': Experts across Wall Street are warning of hiccups in a market that 'sounds a lot like subprime in 2006'




Jeffrey Gundlach, the CEO and chief investment officer of DoubleLine Capital, has a stark warning for investors with exposures to corporate credit.




The so-called Bond King notes increasing size, leverage ratios, and unrealistic ratings of investment-grade debt as reasons to ditch the securities before an economic downturn.




Gundlach thinks investors "should be playing defense right now."




His warnings match those put forth by other experts across Wall Street in 2019. They include Scott Mather of Pimco, Todd Jablonski of Principal Global Investors, and Raoul Pal of RealVision.




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There's a reason why Jeffrey "Bond King" Gundlach's opinions are highly sought after within the investment community. The self-made billionaire CEO and chief investment officer of DoubleLine Capital has quite the resume.
Not only is Gundlach known for his prescient market clairvoyance — the collapse of subprime housing bubble and the election of Donald Trump, to name a few of the more recents — he's also responsible for turning $0 to more than $150 billion assets under management in less than 10 years.
It goes without saying that no one can accurately predict the future with consistency, but Gundlach seems to have a knack for nailing big calls.
"We are battling tooth and nail the next recession," Gundlach said in a recent interview with Yahoo Finance. "The Fed has but done — and the central banks — everything they can to avert the next recession. But a recession will come."
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