"Central banks around the world have put together a lot of intricate policies," Jeffrey Gundlach said. "Ultimately, the tower will not be able to stand." That was the underlying theme of "Blockhead," the presentation Gundlach gave to DoubleLine Funds clients. "Blockhead" is an game that involves players stacking oddly shaped blocks on top of each other until the structure falls. With this macroeconomic backdrop in mind, Gundlach believes the interest rates will stay low, inflation will remain su...
GUNDLACH: The tower of complex central bank policy ultimately will not stand
Business Insider - 11 Mar 2015 01:03
"Central banks around the world have put together a lot of intricate policies," Jeffrey Gundlach said. "Ultimately, the tower will not be able to stand." That was the underlying theme of "Blockhead," the presentation Gundlach gave to DoubleLine Funds clients. "Blockhead" is an game that involves players stacking oddly shaped blocks on top of each other until the structure falls. With this macroeconomic backdrop in mind, Gundlach believes the interest rates will stay low, inflation will remain su...
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