Don't miss the latest Jeffrey Gundlach interview in Barron's. It is a good in-depth look into how the money manager thinks about investing. At the end of the article, you get the distinct feeling he believes almost all asset classes are overvalued. Let me make a few comments about what he says.
Was the subprime-mortgage crisis unique?
Gundlach is known as a subprime crisis clairvoyant. He called subprime a “total unmitigated disaster” and predicted a severe economic downturn. Now, when I look at subprime, I think of how the expansion and restriction of credit flows through to the real economy. What I am looking at is the second part of Gundlach's prediction, the downturn and its severity.
Gundlach was asked about that in the context of what he sees as a mania in cryptocurrency. "But u...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.