'When the next recession comes there is going to be a lot of turmoil,' says Jeffrey Gundlach

Jeffrey Gundlach CEO of Doubleline Capital discusses risk factors for investors including corporate debt, national debt, bond maturity and the next recession.
JEFFREY GUNDLACH: I'm not so sure that the market has an opinion where the Fed's going to is ease next, or just-- I think it might go stay where they are. When the Fed says patient, what they mean is I think they're not going to do anything unless they say something first. So patient just means that we communicate something different, we're not doing anything with interest rates. And that's obviously a massive change from the December press conference that Jay Powell gave, after the Fed meeting when he said that quantitative tightening was on autopilot.
In fact, I just read the other day that the Fed admits that they're having discussions about doing quantitative easing again, which is a radical change from saying that quantitative tightening is on autopilot.
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