Gundlach: “housing prices are doomed and the economy could lose several million jobs... refinancing industry completely dead.”
It's the economy, stupid. 8 out of 10 Americans say things are out of control as Europe protests and deindustrialization is silence before the storm.
After unprecedented loose monetary and fiscal policy that coincided with a pandemic, the aftermath and recession is squeezing buyers and sellers.
One data point from the Fed’s officialdom confirms the United States is in a technical recession and heading for a potential hard landing.
The Fed said everything was under control, but Jay Powell's "softish" recession is as close as it gets to whispering fire in a crowded theater.