All the signs are pointing to a recession that'll cost Americans their jobs, veteran bond investor Jeff Gundlach says: 'Layoffs are coming'

• The US economy is lurching toward a recession, according to Jeff Gundlach.
• The DoubleLine Capital chief pointed to a "de-inverted" bond-yield curve and the rising unemployment rate as signs of a looming slump.
• "Layoffs are coming," he warned.

The US economy is clearly headed toward a recession, veteran bond investor Jeff Gundlach has warned.

The DoubleLine Capital CEO said Wednesday that the yield curve – a bond-market gauge that measures the gap between 2-year and 10-year Treasury yields – is signaling that a downturn is coming.