In his webcast titled “Cave People” in reference to the philosopher Plato’s “Allegory of the Cave,” DoubleLine CEO Jeffrey Gundlach on March 12, 2023, briefly reprises his outlook on the federal debt spiral before reviewing other macroeconomic and market topics, including recessionary “storm clouds.” Notably, while the government’s establishment survey has resilient nonfarm payrolls, Mr. Gundlach marshals evidence showing “the rubric that there’s this booming employment economy is contradicted by other areas.”
00:17 - Intro and Announcements
02:52 - Macro Discussion with Jeffrey Gundlach
43:52 - DoubleLine Total Return Bond Fund with Andrew Hsu
If tensions de-escalate soon, there could be relatively little impact on international markets. However, risks will rise if global energy supplies face a prolonged disruption.
Filtering energy-generation capacity announcements for artificial intelligence (AI)-related projects reveals that what is likely to come online by 2030 falls well short of headline estimates. Research Analyst Ian McDonald explains.