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Economy
Jeffrey Gundlach
Jeffrey Gundlach is CEO of DoubleLine Capital.

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  • The US economy is likely to "hit a wall" by next spring, Jeffrey Gundlach warned.
  • The DoubleLine Capital CEO sees financial pressures hitting consumer spending and tanking growth.
  • The government may try to spend its way out of trouble, reigniting inflation, Gundlach said.

The US economy is barreling toward recession as consumers' finances crumble, and inflation could surge again, Jeffrey Gundlach has warned.

"I think the economy is going to hit a wall in the next six or eight months or so, and there's going to be a real shutdown in consumer activity due to all of these interest payments that have to be made," he told Fox Business Thursday.

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economy, economy, us-markets-and-economy, jeffrey-gundlach, doubleline-capital, Billionaires, bond-king, Inflation, Recession, interest-rates, federal-reserve, federal-deficit, government-debt, credit-cards, consumer-spending, Unemployment
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US economy will 'hit a wall' by the spring – and inflation could spike again, w…