Jeffrey Gundlach Warns Democrats Can’t Simply Spend Their Way to Affordability, Says They’ll Need a ‘Magic Wand’ To Bring Prices Down

DoubleLine Capital founder Jeffrey Gundlach, popularly known as the "Bond King," warned that Democrats could add to inflationary pressures if they respond to affordability concerns with government handouts rather than policies that address the underlying cost of goods and services. "'Affordability' seems to be the mandate for the new Democrat majority,"...