'Bond King' Gundlach Warns Higher Rates Could Spark Recession, Advises Short-Term Bonds Over Cash

Jeffrey Gundlach warns higher interest rates could trigger next financial crisis, advises "'T-bill and chill'" strategy

Gundlach says current federal deficit "completely unsustainable" with high interest rates

Predicts recession in early 2023, rates to fall substantially, not a fan of large cash holdings

Advises 2-3 year bonds for strong returns instead of cash

Correctly predicted 2007 housing crash, known as "Bond King" for outperforming rivals