Mr Gundlach started with this slide.Her artwork makes him dizzy. As does I guess the world's central bankers
Bridget Riley was born in London in
193
1. She became best known in the mid-
1960s for her dazzling black and white abstract art pieces,
exploiting contrast, tension and optical illusions. Her style became known as “op art” for that reason. She featured repeating geometric shapes, inter-locking, developing, vibrating, and tricking the eye into a sense of movement beyond anything seen before in a painting.
Central Banks:Get back to reality,not theory.
Negative rates are by definition deflationary and part of the problem.
Back to the
1800's .Banks will be bled to be cured.Absolutely impossible for banks to be profitable in a negative interest environment.
Negative interest rates may go down as the "plague"
of the 2
1st century.
"Junk' not expensive ,but sees defaults rising and bankruptcy recovery rates declining.
Mr Trump will be elected president.Questioned about the polls and 3-
1 chances of that happening". He was 500-
1 a year ago,the trend is his friend !"
Buying opportunity in risk assets as market fears digest Trumps ascendancy late this summer.
@FundStudent said Is gold appreciation solely due to lost faith in central banks?
Gundlach paraphrased::Gold rises with a no confidence vote of central bankers and falls if central bankers are seen as stewards of economic growth and stability without constantly moving the goalposts for interest rate movement. Still forecasts gold to touch $
1400 this year.
Reiterated long term belief in India.
Said Ronald Reagan's slogan in the '80's was "Let's make America great again" and once elected,exploded G'ment spending. Sees this happening with Mr Trump.Helicopter money will be coming !
Wouldn't Mr Gundlach look quite snappy wearing this to Mr Trump's inaugural !
https://www.levinehat.com/collections/bailey-hats/products/bailey-milo-103210
