New debt king: Federal Reserve inflation forecast is only “by estimate” U.S. stocks are seriously overvalued

Foreign media reported that the “new debt king” called DoubleLine capital helmsman Gundlach (Jeffrey Gundlach) said that it is not yet possible to confirm whether U.S. inflation will be like the Federal Reserve expects only a short-lived warming, saying that the Federal Reserve economists are also ” rely on estimates”.

Gonzalez pointed out that although the Federal Reserve said that prices rose mainly due to the epidemic led to a low base last year, but the Bureau may have ignored the impact of monetary policy “big release”, and there are many indicators show that inflation fears will last several months, rather than transient.

Speaking of the stock market, Gonzalez said, compared with foreign markets such as Asia and even Europe, almost all important indicators show that the U.S. stock market has been seriously overvalued. He revealed that he bought European stocks a few weeks ago for the first time in years, mainly because he expects the dollar may fall in the medium to long term.

He also pointed out that considering the current very low yield on U.S. Treasuries, it is inconceivable that anyone other than the Federal Reserve would take up U.S. debt in a big way.