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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