"Bond King" Gundlach: The probability of a U.S. economic recession exceeds 50%, and the Federal Reserve will not cut interest rates at the next meeting.

BlockBeats reported that on March 21, Jeffrey Gundlach, CEO of DoubleLine, known as the "new bond king," stated on Thursday that he believes the risk of an economic recession is increasing, and the market may soon face another painful period of fluctuation. Gundlach estimates the probability of a recession in the coming quarters to be between 50% and 60%. Although the Federal Reserve has set an inflation target of 2%, Gundlach finds it difficult to foresee inflation stabilizing at this level. He also noted that the U.S. economy is currently stable, but implied that the current situation may be heading towards quantitative easing. Gundlach also shared his investment advice. He recommends that U.S. investors stay away from U.S. securities. He warned that a reduction in government spending could slow down economic growth. Additionally, Gundlach emphasized the strong performance of gold, Bitcoin, and other physical assets. He suggested that investors mainly holding a dollar-based portfolio should consider diversifying their investments, reducing reliance on the U.S. market, and looking for investment opportunities in Europe and emerging markets. (Jin Shi)