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

RIELPOLITIK

Source – zerohedge.com

– “…

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…

View original post 1,016 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.