Jeffrey Gundlach Explains The ‘No Normal’

Discussing bond yields in a recent interview with Bloomberg’s Tom Keene, DoubleLine Capital CEO Jeffrey Gundlach explained that the bond market hasn’t entered a New Normal period, as Bill Gross and Mohamed El-Erian used to say, but a No Normal period where we can’t really asses what the driving paradigm is going to be.

No confidence in future policies makes bond markets difficult to analyze

“Economic growth was at a relatively high level because every time it was decelerating or it was headed towards a recession there was some new debt gimmick that came up, so that’s how we...