Bond King Says 35% Risk of Recession in 2020

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As we usher in a new decade, Bond King Jeff Gundlach says it won't be the "Roaring 20s" but it also won't be the "Boring 20s". The DoubleLine Founder seemed neither overly cautious nor overly optimistic during his "Just Markets" webcast. He also warns against buying BB corporate bonds, saying there is such starvation for yield out there that people are throwing caution to the wind and buying junk bonds.

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