Jeffrey Gundlach presents "Johnny Seven" 9-14-21

DoubleLine founder and CEO Jeffrey Gundlach takes aim at the Federal Reserve’s spending programs and interest rate manipulation in his latest webcast, “Johnny Seven.” Gundlach references Johnny Seven, a multipart “One Man Army” toy released in 1964, to represent the massive number of tools and devices the Fed has employed in the face of the pandemic. Topics in this webcast include nominal GDP (starts at 3:26); how quickly the Fed expanded its balance sheet (5:51); the Fed’s interest rate policy (8:23); and the job market, and foreclosure and eviction moratoriums (12:17). Among other subjects, Gundlach also discusses: consumer goods and consumer confidence (14:17); supply-chain delays and booming trade (18:57); the twin deficits (21:04); housing prices and rents (23:22); the CPI (25:43); commodities (36:01); the yield curve (38:55); U.S. and European equities, and the U.S. dollar (43:18); and corporate bond performance (46:42). This webcast was recorded on Sept. 14, 2021.
• This material contains the opinions of the manager as of the date it was recorded and such opinions are subject to change without notice.
• The material represents DoubleLine’s intellectual property. No portion of this presentation may be published, reproduced, transmitted, or rebroadcast in any media in any form without the express written permission of DoubleLine. To receive permission from DoubleLine, please contact [e-mail].
• The views and forecasts expressed in any materials on this website are as of the date indicated, are subject to change without notice, may not come to pass and do not represent a recommendation or offer of any particular security, strategy, or investment. DoubleLine has no obligation to provide revised assessments in the event of changed circumstances. There can be no assurance that the strategies described will achieve their objectives and goals.
• DoubleLine® is a registered trademark of DoubleLine Capital LP.
• ©2021 DoubleLine