Bond Investor Gundlach Buys Stocks, Sees ‘Kaboom’ Ahead

In the ominous third phase, he predicts another crisis: Deeply indebted countries and companies, which Gundlach doesn’t name, will default sometime after 2013. Central banks may forestall these defaults by pumping even more money into the economy — at the risk of higher inflation in coming years. …

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Bond Investor Gundlach Buys Stocks, Sees ‘Kaboom’ Ahead