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Basically what they said is we didn't tighten because of global markets, the global growth isn't there and they are really scared to reverse course if they raise rates.

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Jeffrey Gundlach

Jeffrey Gundlach

Jeffrey Gundlach (born October 30, 1959) is the founder of Doubleline Capital, an investment firm. He was formerly the head of the $9.3 billion TCW Total Return Bond Fund, where he finished in the top 2% of all funds invested in intermediate-term bonds for the 10 years that ended prior to his departure.

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