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Deleveraging is a myth
Deleveraging is a myth. Jeffrey Gundlach, the founder of Doubleline Capital and ranked one of the 50 Most Influential by Bloomberg Markets Magazine held his annual DoubleLine Lunch in New York this week. Gundlach, in his keynote presentation, said the exit from QE is probably not a foregone conclusion, he is very skeptical of what he refers to as a circular financing scheme. He believes that deleveraging is a myth and the only thing that's really happened is that debt has been transferred from the private sector to the government's balance sheet. Some interesting charts and views in this presentation from a man dubbed the king of bonds by Barron's: (VIEW LINK)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
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