DoubleLine CEO-CIO Jeffrey Gundlach shares his views with CNBC’s Scott Wapner on the Silicon Valley Bank (SVB) collapse and the government’s response in an interview recorded Monday, March 13, 2023. Mr. Gundlach discusses, among other topics, the shift of the financial industry into a new world of rising rates (1:41), Mr. Gundlach’s expectation that the recession will now arrive sooner (6:00), why he thinks the banking event is inflationary and not disinflationary (6:49), if the Fed will continue to hike at its meeting March 22 (9:39), how the Fed should respond to busted carry trades (13:35) and DoubleLine’s positioning (16:27).
Mr. Gundlach is CEO of DoubleLine. In 2011, he appeared on the cover of Barron's as "The New Bond King." In 2013, Institutional Investor named him "Money Manager of the Year." In 2012, 2015 and 2016, he was named one of "The Fifty Most Influential" in Bloomberg Markets. In 2017, he was inducted into the FIASI Fixed Income Hall of Fame. Mr. Gundlach is a summa cum laude graduate of Dartmouth College, with degrees in Mathematics and Philosophy.