TSX:AX.PR.E - Post by User
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DZtraderon Nov 07, 2024 7:25pm
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Post# 36302197
Gundlach
GundlachThere are several people I pay particular attention to, Jeffrey Gundlach is one of them. Was just listening to an interview he provides after each Fed meeting and seems he is reflecting same views I share (or better put, maybe I'm reflecting same views he is putting out). That being near overwhelming debt levels. He appeared outright bearish the long term bonds. At the current 1.3 T (yes that's trillion) annual service costs he points out significant bonds rolling from much lower levels than current which will only serve to exasperate situation, this combined with yet more unbridled spending along with unfunded tax cuts. How do mid to long term rates not go higher? I put this out on a Reit forum as it is a sector highly impacted by rates of course. No, I'm not a doom and gloomer, just someone who tries to look at the long term outlook and how to position. Doesn't mean next week or next month is trouble but something to definitely be long term aware of.