May 14, 2019 / 9:20 PM / 6 months ago

U.S. GDP growth based 'exclusively' on government, corporate and mortgage debt -Gundlach

May 14 (Reuters) - U.S. GDP growth appears to be based “exclusively” on government, corporate and mortgage debt, warns Jeffrey Gundlach, chief executive of DoubleLine Capital, in an investor webcast Tuesday.

“Nominal GDP growth over the past five years would have been negative if U.S. public debt had not increased,” said Gundlach, known as Wall Street’s Bond King. (Reporting by Jennifer Ablan; Editing by Lisa Shumaker)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below