Jeff Gundlach: End of Roman US Empire

0

Jeff Gundlach just hosted a webcast with clients of his $20billion plus firm, Doubline.  The title of his presentation: “The Decline and Fall of the Roman Empire.”

Jeffery Gundlach drew parallels between the current state of the U.S. and the Ancient Roman Empire.  Like the U.S., he noted that Rome had an insufficient tax system and a huge military budget.

Just as in Rome, the U.S. faces “persistence of a destitute underclass,” as evidenced by the slow job recovery.

Corsair Took A Hit From Small-Cap Underperformance In Q3; Says Evergrande Not The Next Lehman Brothers

Corsair CapitalCorsair Capital was down by about 3.5% net for the third quarter, bringing its year-to-date return to 13.3% net. Corsair Select lost 9.1% net, bringing its year-to-date performance to 15.3% net. The HFRI – EHI was down 0.5% for the third quarter but is up 11.5% year to date, while the S&P 500 returned 0.6% Read More

Gundlach’s talk included commentary on the year-to-date performance of markets as well as his outlook for the rest of the year.

In an an usual statement for a bond manager, Gundlach told investors to sell Bank of America ASAP. It looks like John Paulson heeded the advice.

The Decline n Fall of the Roman Empire_ US_EU_ by J Gundlach_ 14 Febr 2012_PP(function() { var scribd = document.createElement(“script”); scribd.type = “text/javascript”; scribd.async = true; scribd.src = “http://www.scribd.com/javascripts/embed_code/inject.js”; var s = document.getElementsByTagName(“script”)[0]; s.parentNode.insertBefore(scribd, s); })();

Updated on

Sydra is our content manager. She also is in charge of Search Engine Optimization of posts and pages. She is generally the person behind curtains who visualizes and implements the Social Media Strategy of the website. Sydra is one performance-driven, insightful individual, who is an important asset of our team. She holds a Bachelors of Business Administration from IU (Iqra University), one of the top universities.
Previous article Kevin Douglas: The Greatest Unknown Investor
Next article Hank Paulson: Candidates Playing Politics with China Trade War

No posts to display