The U.S. economy is on a "full-on recession watch," DoubleLine CEO Jeffrey Gundlach said Tuesday, citing several indicators pointing to a recession in 2023. In his "Up, Up & Away" webcast, which focused on his economic and market predictions and the firm's Total Return Bond Fund, Gundlach also described cryptocurrency as "the ultimate asset for speculation" and likened it its current status to pet rocks. Here are 10 predictions for 2023 that Gundlach discussed on the webcast.
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