'The economy is already in tatters,' but if Washington doesn't deliver a big stimulus package, it will be a 'disaster,' he says
Donald Trump is most likely to win re-election, but no matter the outcome of the presidential race, the U.S. could find itself broken into more than one country as unrest and acrimony grip the electorate, noted investor Jeffrey Gundlach said Monday.
Speaking on a webcast hosted by Rosenberg Research with its founder, David Rosenberg, Gundlach said he had "far less conviction" about Trump than in 2016, when he was one of a handful of people taking Trump's long-shot candidacy seriously.
Gundlach has previously shared his views on the election, but in conversation with Rosenberg, a noted economist, he also weighed in on the prospects for the economy if Washington isn't able to deliver a big enough fiscal aid package. "The economy is already in tatters, but it would be a disaster," he said. "When you use such blunt instruments, like the money spray, the effects for the economy are quite uneven. There's a big tremor but then there are aftershocks."
Perhaps more ominous than any outcome he expects over the next year or so, however, is Gundlach's slightly longer-term…
This article originally appeared on Knowledia.
