This chart from Gundlach shows just how hot the U.S. economy is running
Just how hot is the U.S. economy? This striking chart from the so-called bond king, DoubleLine CEO Jeffrey Gundlach, shows it’s sizzling.
In a presentation to investors, the manager of the DoubleLine Total Return Bond Fund presented this chart, showing that the growth in spending on goods since the pandemic nearly equals the growth in total spending since the 2008 global financial crisis, up until the coronavirus struck the global economy.
It was one of several he presented on the strength of the U.S. economy — surging rent, and the…
