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New York - U.S. Growth Would Have Contracted Without Trillions In Government, Consumer Debt: Gundlach

May 14, 2019 at 11:30 PM

New York - U.S. growth appears to be based "exclusively" on government, corporate and mortgage debt and the economy would have contracted if the United States had not added trillions in debt, Jeffrey Gundlach, chief executive of DoubleLine Capital, said in an investor webcast on Tuesday. "Nominal GDP growth over the past five years would have been negative if U.S. public debt had not...

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