Total Return webcast ft JEG 9-14-21

DoubleLine founder and CEO Jeffrey Gundlach takes aim at the Federal Reserve’s spending programs and interest rate manipulation in his latest webcast, “Johnny Seven.” Gundlach references Johnny Seven, a multipart “One Man Army” toy released in 1964, to represent the massive number of tools and devices the Fed has employed in the face of the pandemic. Topics in this webcast include nominal GDP (starts at 3:26); how quickly the Fed expanded its balance sheet (5:51); the Fed’s interest rate policy (8:23); and the job market, and foreclosure and eviction moratoriums (12:17). Among other subjects, Gundlach also discusses: consumer goods and consumer confidence (14:17); supply-chain delays and booming trade (18:57); the twin deficits (21:04); housing prices and rents (23:22); the CPI (25:43); commodities (36:01); the yield curve (38:55); U.S. and European equities, and the U.S. dollar (43:18); and corporate bond performance (46:42). This webcast was recorded on Sept. 14, 2021.

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