Jeffrey Gundlach is Bearish on Housing and Bank of America

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Although Jeffrey Gundlach,  of DoubleLine Capital CEO , does not receive nearly as much publicity as Bill Gross; Gundlach is on par with Gross, as one of the best fixed income managers today. Gundlach was recently on Cnbc discussing the housing bubble. He made some very strong and scary points. Gundlach said that housing “about to go to a new low.”

Gundlach also stated regarding Bank of America:

doubeline capital“The majority of non-performing loans are Countywide-based but in totality at Bank of America they reported over $200 billion of loans that are not making payments. This is not a forecast of where this is going to go, this is what’s already on the books.”

The 3rd Annual 360 Degree Credit Chronometer Report with Joseph Cioffi

CreditValueWalk's Raul Panganiban interviews Joseph Cioffi, Author of Credit Chronometer and Partner at Davis + Gilbert where he is Chair of the Insolvency, Creditor’s Rights & Financial Products Practice Group. In the interview, we discuss the findings of the 3rd Annual report. Q2 2021 hedge fund letters, conferences and more The following is a computer Read More


Below is the full video:

Disclosure: No position in BAC

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