Jeff Gundlach: “If Oil Drops To $40 The Geopolitical Consequences Could Be Terrifying”
In a recent interview with FuW, DoubleLine’s Jeff Gundlach explained his concerns about the oil market not being “unequivocally good” for everyone…
Question: The crash in the oil market is already causing jitters in the financial markets around the globe. What is your take on that?Gundlach: Oil is incredibly important right now. If oil falls to around $40 a barrel then I think the yield on ten year treasury note is going to 1%. I hope it does not go to $40 because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be – to put it bluntly – terrifying.
What would that mean for stocks?
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