IPFS News Link • Voting and Elections
Gundlach Predicts "Trump Will Win", Says "The Federal Reserve Has Basically Given Up*
• http://www.zerohedge.com, Tyler DurdenWhat you see is that the same pattern has been in place since 2012: Hope for growth in the new year that ends up being revised downwards, over and over and over again. But now we have reached the point at which no one bothers anymore about the comedy of predicting 3% real GDP growth. Even nominal GDP growth isn't probably going to be at 3% this year. Actually, nominal GDP is at a level that has historically been a recessionary level. It isn't this time because the inflation rate is close to zero. But no one bothers anymore and the Federal Reserve has basically given up.
He also says the he has "been waiting for about two years for the Fed to capitulate on their interest rate increase dreams. Now, I think they did.