DAS KAPITAL: Trader – Getting Rich Off The Greater Fools Has Worked Wonderfully…Until Today

RIELPOLITIK

Source – zerohedge.com

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Trader: Getting Rich Off The Greater Fools Has Worked Wonderfully…Until Today

Jeff Gundlach, CEO of DoubleLine Capital, told Reuters last night that The Fed has lost control of interest rates:

“What else do you need to call it an inversion?” Gundlach said in a telephone interview. “Everyone is parsing all of these little arbitrary things. But we’ve got an inversion.”

And, as if Powell didn’t face enough pressure from President Trump, who slammed him again this morning: “The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t putt, has no touch. Big U.S. growth if he does the right thing, BIG CUT – but don’t count on him! So far he has called it wrong, and only let us down…”

Gundlach blasted The Fed Chair:

Powell “can’t put a back-to-back consistent message together. It is different at…

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