“Inflation has been driven by an unusual expansion of profit margins,” says Paul Donovan of UBS. But The Economist isn't so quick to blame.
As the world’s central banks near the end of their steepest tightening campaign in decades, the harsh lessons of past policy errors will weigh heavy.
The portfolio becomes a car without brakes when the "calm" side of the client experience gets volatile. It won't get better in the immediate future.
Jeffrey Gundlach said that an unannounced visit by the Internal Revenue Service at the DoubleLine HQ earlier this week was a “clerical error.”