Jim Young/Reuters
- Two billionaire investors who share the "Bond King" nickname are sounding the recession alarm.
- Bill Gross and Jeffrey Gundlach expect higher interest rates to hammer growth in the near future.
- Gross has warned the US economy is heavily indebted and faces several global headwinds.
Brace for an imminent recession as higher interest rates strangle the US economy, two billionaire investors both known as the "Bond King" have warned.
"Be cautious. Recession to come soon," Bill Gross, Pimco's cofounder and the former chief of its flagship Total Return fund, tweeted on Thursday.