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GUNDLACH TODAY=
- The dollar is likely to weaken as U.S. debt mushrooms.
As noted below in the real-time comments from his webcast, he also said:
- The current economy resembles a “depression.”
- Projections that the U.S. economy will enjoy a V-shaped recovery are too optimistic.
- U.S. economic and monetary stimulus will probably reach $10 trillion, which is not too far from where we are now.
- Unemployment will rise to 10%.