Jeffrey Gundlach Private Credit Is An Unmitigated Disaster And It s Only Going To Get Worse 2

#finance
#financement

Timestamps:
0:00 Introduction — Jeffrey Gundlach on the debt burden and why something has to give
1:33 Big picture macro: secular shift from falling to rising interest rates
16:00 The case for non-US stocks
17:30 Gundlach's current asset allocation: 40% non-US stocks, 25% fixed income, 15% commodities, rest in cash
22:00 Private credit: why it reminds him of subprime 2006 and why it’s “a total unmitigated disaster"
38:00 The Fed follows the 2-year Treasury — why the next Fed move actually be a hike?
42:30 Recession probability: at least 50% in 2026
47:00 Capital preservation mode: lowest risk positioning in DoubleLine's 17-year history
50:00 The gold call: from $2,915 to $4,000 and where it goes from here
53:00 The most dangerous force in investing: not fear or greed — need
56:00 California, Illinois, New York: avoid all general obligation munis
1:00:20 Wealth taxes, billionaire flight, and why it'll cost more to administer than it raises
1:01:00 Non-consensus prediction: three parties on the ballot in the next presidential election
1:02:00 The Fourth Turning reset — why 2030 is the timeline