X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Stock illustration: Hoisting performance upward

The slow post-pandemic reopening, combined with federal stimulus benefits, are creating “substantial distortions” in the economy, DoubleLine Capital founder Jeffrey Gundlach said Tuesday.

Nationwide, businesses of all sizes are struggling to hire enough employees to get up and running. There are “lots and lots of jobs that are open but can’t get filled because of the government competing with private enterprise,” said the investor, whom Barron’s has called “the new bond king.” He hosted a 90-minute webinar Tuesday in which he laid out his views on the post-pandemic economy.

Inflation is on the rise, Gundlach noted, but that may be temporary. Food prices are high, and manufacturing inventories are the lowest they’ve been in some 20 years. “That’s not exactly likely to put downward pressure on prices,” he quipped.

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.