Jeff Gundlach's Complete Guide To The Inevitable American Debt Default
Legendary investory Jeff Gundlach gave one of the most depressing presentations you'll ever hear at last week's Morningstar Investor Conference (via Prag Cap).
The bond guru and founder of Doubleline Capital combines debt apocalypse with negative indicators in the current recession, like the looming mortgage crisis, to say America has only three options: Cut, print, or default. Of these three options, he says, the only realistic outcome (if not all three) is default:
The bond guru and founder of Doubleline Capital combines debt apocalypse with negative indicators in the current recession, like the looming mortgage crisis, to say America has only three options: Cut, print, or default. Of these three options, he says, the only realistic outcome (if not all three) is default:
"some type of polite default, at a minimum, will happen."
Read more: http://www.businessinsider.com/jeff-gundlachs-complete-guide-to-the-inevitable-american-default-2010-7#ixzz0sW4P4B1b
Nazzucau
Keynes (1945-46) - uno dei primi e saggi speculatori degli ultimi anni (anche se tutti lo conoscono solo come teorico economico)
Non è lontano il giorno in cui il problema economico prenderà il posto che gli compete, ovvero il sedile posteriore e l'arena del cuore e la testa saranno occupate o ri-occupate dai nostri reali problemi, i problemi della vita, delle relazioni umane, della creazione e del comportamento e della religione.
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