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Monday, August 8, 2011

Jeff Gundlach on CNBC

Jeff Gundlach was on CNBC earlier today giving his views on the downgrade and the current economy. He interestingly says that the downgrade was rather silly and it is not a downgrade on the government's ability to repay its debt merely a downgrade on the dollar itself. This has been clearly relfected today with Gold's run. I think he is spot on with this.

He then goes on to discuss how the economy will weaken going forward. He essentially makes a bullish case for treasuries which is the exact oppostive position that Bill Gross of PIMCO is taking. Interesting when two heavy weights are on the opposite side of the fence.


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