Gundlach Warns of Private Credit Crisis
Update: 2025-11-18
Description
Jeffrey Gundlach, head of DoubleLine, warns of a potential financial crisis from the booming private credit market, valued at $1.7 trillion. He likens garbage lending in this sector to the subprime mortgage repackaging leading up to the 2008 crisis. Gundlach advises investors to hold a significant portion of their portfolios in cash, around 20%, to prepare for a downturn. He expresses concerns about the lack of transparency and regulation in non-bank lending, drawing parallels to the 2008 crisis and the misjudgment of market strength.
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