Tuesday, May 24, 2011

Subprime Complacency Repeated

May 24, 2011
Housing Market Echoes Credit Crisis: DoubleLine CEO

"I kind of think we're looking at some type of echo in the credit crisis coming up here. That's what I'm sort of afraid of," said Gundlach, whose firm has almost $11.2 billion in assets under management.

Jeffrey Gundlach is worried. He thinks we've been "mind numbed" about housing and subprime. Check out the video. It is well worth your time.
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4 comments:

  1. mabMay 24, 2011 at 4:57 PM

    Stag,

    Look at it this way. Our decades old policy of preventing disorderly failures on Wall Street is allowing for an orderly failure on Main Street.

    There's a method to the madness.

    ReplyDelete
  2. AnonymousMay 24, 2011 at 5:06 PM

    Love your blog. Thank you for doing this, it is a great service for those of us who dabble in investment and appreciate good humor.

    ReplyDelete
  3. Stagflationary MarkMay 24, 2011 at 6:24 PM

    mab,

    There is method to the madness. I'll devote a post to this!

    ReplyDelete
  4. Stagflationary MarkMay 24, 2011 at 6:24 PM

    Anonymous,

    You are too kind!

    ReplyDelete