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Billionaire fund manager Gundlach debunks ‘transitory' inflation
Is inflation transitory? Experts weigh in on the answer
Bianco Research President Jim Bianco, B. Riley National chief market strategist Art Hogan and Kaltbaum Capital Management President Gary Kaltbaum weigh in on the Federal Reserve, inflation and today’s economic and market trends.
Billionaire bond fund manager Jeffrey Gundlach worries the manufacturing sector is flashing signs that inflation will be more than just "transitory."
Inventories remain at a "very, very low level," Gundlach, CEO and chief investment officer of Los Angeles-based DoubleLine Capital, which has $137 billion in assets under management, said during a conference call Tuesday evening. "This is not supportive of inflation being transitory."
FOX Business reached out to Gundlach for further explanation but did not receive a response.
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The Institute for Supply Management’s customer inventories reading rose 5.2 points in August to 30.2. ISM said the reading was "too low," which is "considered a positive for future production."