Friday, September 17, 2021

Billionaire fund manager Gundlach debunks ‘transitory' inflation

Billionaire bond fund manager Jeffrey Gundlach worries the manufacturing sector is flashing signs that inflation will be more than just "transitory."

Inventories remain at a "very, very low level," Gundlach, CEO and chief investment officer of Los Angeles-based DoubleLine Capital, which has $137 billion in assets under management, said during a conference call Tuesday evening. "This is not supportive of inflation being transitory."

https://www.foxbusiness.com/economy/billionaire-fund-manager-gundlach-debunks-transitory-inflation 

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