In a Dec. 13, 2024, guest column in The Economist, DoubleLine CEO Jeffrey Gundlach warns, “Under the next few presidential administrations, the national debt will mushroom beyond the government’s ability to service it, perhaps even beyond the credulity of the country’s creditors. In the coming years expect dollar debasement, debt restructuring or both.” Mr. Gundlach walks readers through his scenario analyses under which a secular environment of rising interest rates, which already is raising interest expense as a share of federal revenue, feeds into deficit and debt spirals that stand to become precarious amid a recessionary decline in tax receipts.
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.
