Gundlach, Ribbing ‘Second-Tier’ Managers, Says 3% Is Rate to Watch
The DoubleLine CEO took an apparent shot at Bill Gross while discussing his yearly outlook, which also predicted a stock selloff around Trump’s inauguration.
U.S. Consumer Confidence Jumps to Highest Level Since 2001
Measure of Americans’ expectations surges to a 13-year high after Trump election; more households expect better economy, labor market in year ahead.
America’s New Normal Will Look Pretty Slow: Fed Economist
San Francisco Fed’s Fernald sees productivity key uncertainty; tepid growth will mean weaker wages and tax revenue gains.
Harvard Study: Political Dysfunction Threatens U.S. Economy
Once the envy of many nations, the U.S. political system has become “our greatest liability,” three Harvard business professors say in a new study.
Gundlach: Low Oil Prices Mean ‘Collapse’ in Hiring, Spending
“I bet you dollars to doughnuts, oil doesn’t go up,” the DoubleLine CEO says.
Oil’s Plunge Bad for Markets, Good for Economy: Expert
There's "bleeding" into equities, notes Quincy Krosby of Prudential Financial, but few job losses in the energy field.
Grantham: ‘Next Bust Will Be Unlike Any Other’ Thanks to Fed
Jeremy Grantham, co-founder of GMO, called out the Fed for interfering with the economic recovery.
Lord Abbett’s Ezrati: Economy Not as Grim as It Appears
The market strategist said that “while there is very little good news to talk about in a historical sense,” the problems faced by the world economy were priced-in already and those problems were unlikely to escalate.
PIMCO’s El-Erian: ‘Bumpy and Volatile’ Week Ahead
Plunging European markets and a loss of control by the European Central Bank over the sovereign bond market in the euro zone foretell a difficult post-Labor Day market in the U.S., said PIMCO's Mohamed El-Erian in a commentary on Monday.