Jeffrey Gundlach
@TruthGundlach
Bills fan. Art fan. Truth fan. DoubleLine Founder.
6 Following 538.3K Followers
The U.S. National debt officially surpassed $40 Trillion yesterday.
Today the Treasury department announced a doubling of periodic purchases of long term U.S. Treasury bonds.
It is said noone “rings a bell” at risk market tops, but there are declarations of “new asset classes involving ‘financial innovation’ abetted by questionable ratings” to watch out for.
NVDA $500B fund (not to be confused with funding) consortium plan will not likely age well. Assets of unknown life as collateral for long term debt? Why not do a 30 year ABS deal backed by warehouses of bananas? It’s OK, they’ll be newly engineered bananas of unknown life.
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Now looking like the U.S. National Debt will surpass $40 Trillion by Labor Day.
Reported total returns since April 4, 2012 (Inception date of TCPC):
Cumulative Annualized
TCPC. 4.01%. 0.28%
Bloomberg Agg Index. 31.39%. 1.92%
High Yield Index. 121.16%. 5.69%
90-day T-Bills. 26.96%. 1.68%
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Lennon’s Revolution
You say you’ll change the Constitution
Well you know
We’d all love to change your head
You tell me it’s the institution
Well you know
You better free your mind instead
Cause if you go carrying pictures of Chairman Mao
You ain’t gonna make it with anyone anyhow
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The 5th amendment is about not compelling self-incriminating testimony. Invoking the 5th in response to “what color is your tie” has nothing to do with self-incrimination. It is simply arrogant contempt.
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The most troubling thing about the Fauci diaries is his almost cheerleading the rising death count because the rising death count correlated to his growing media celebrity, as he reported in detail.
The greatest financial media moment year to date was Michael McKee teeing up and then delivering “what are you waiting for” to Warsh.
Federal, State and Local tax collections plus the unending deficits combined are about 40% of US GDP.
Yes, government is 40% of the US economy.
The US National Debt will exceed $40 Trillion before Halloween.
Fed chair Warsh is reported to be considering reducing the number of Fed meetings per year. Perhaps a desire to reduce press conferences is part of the mix.
I knew there was a problem at “I am the science.”
30 year maturity Treasury bond holders want Fed hikes, not more Fed committees.
Bloomberg News: “NVDA in talks on $250 billion backing for Open AI hub, WSJ says”.
Anything seems possible these days in the Wild West of private markets. Maybe Fitch will become a captive subsidiary of a captive offshore reinsurance company owned by a domestic insurance company owned by a private credit company owned by a private equity company. Leveraged.
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