Jeff Gundlach, the billionaire investor known as the “Bond King,” predicted in a RealVision interview published on Friday that stocks would crash in less than 18 months.
The DoubleLine Capital CEO also said the US dollar would dive in the long run, argued that tech stocks like Apple and Amazon were the only US equities worth owning, and questioned bitcoin, welfare, and Chipotle’s valuation.
Here are Gundlach’s 10 best quotes from the discussion.
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In a RealVision interview filmed on October 1 and released on Friday, the billionaire “Bond King” Jeff Gundlach said stocks would crash within 18 months, predicted that the US dollar would tumble in the long run, and
Absolutely. So, you know, this the issue that’s playing out in California over where, how to classify these drivers is playing out in every other state in the country and actually global and different in different countries around the world. So everyone is looking to California to see what’s going to happen.
Now, the thing is that the way the propositions were written is that it only applies to people working on platforms, doing delivery or transportation companies like Uber, Lyft, also Postmates, DoorDash.
So it’s limited in who it’s targeting now. But if you create this precedent of having a basic third option between employee and contractor, this kind of contractor, and we didn’t explain this, but the proposition would give them contractor status with slightly improved benefits, slightly better wages, some health supplements, some insurance to drive a certain amount of hours. So the point is,
After spending the better part of the last decade choking every possible cent from the digital media industry, Google’s finally getting the heat that it deserves. More and more people are realizing the company’s monopoly over digital advertising is one of the culprits behind a staggering number of newsroom layoffs. Regulators are realizing this digital dominance could constitute a serious antitrust issue. Combined, that means a massive headache for Google that can, in the company’s eyes, be solved with one thing: a decent payout.
The company’s latest attempt to claw back some goodwill among publishers is a three-year, billion-dollar partnership that’ll go toward the company’s newest product, the Google News Showcase. CEO Sundar Pichai unveiled the Showcase in a company blog post earlier today, promising it would highlight the “editorial curation of award-winning newsrooms” while also helping those newsrooms manifest “deeper
Even by the standards of the current market frenzy it was an astounding run and BrainChip chief executive Louis DiNardo did not hide his bemusement.
“Yes I would say I was taken aback to watch the price go from single digits to teens, 15-16c, it peaked in intra day trade at 97c a couple of weeks ago,” he says.
The shares have since fallen back to 42c.
But the tech industry veteran is not baulking at the current market valuation of around $700 million based on what is ahead for BrainChip, particularly its promise as a pioneer in the field of neuromorphic computing which mimics the neuron spiking functions of the human brain.
“I do believe it’s based on deliverables that we committed
The game’s exponential popularity drove its developers to announce on Thursday they were canceling a sequel to the game, to better focus on growing the existing version. The game reached over a million players on September 3 and had grown to over 3.5 million concurrent users worldwide by Friday.
“We canceled the sequel because we saw the opportunity to give back to the players a little bit faster than creating a new, better version,” Forest Willard, a developer at InnerSloth, which makes Among Us, told CNN Business. “It will be more work in the long run, but we’re excited for players to update the game, and suddenly there’s a brand new feature or map that unlocks new experiences.”
SINGAPORE/NEW YORK (Reuters) – Asia’s stock markets struggled to emulate Wall Street’s rebound on Wednesday as persistent worries about the global economic recovery kept investors cautious, while ebbing inflation expectations helped the U.S. dollar to a two-month high.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was steady after two days of declines, but the mood was hardly bullish.
Japan’s Nikkei .N225 returned from a two-day holiday to drop 0.6%. Markets in Shanghai .SSEC and Hong Kong .HSI opened flat, the ASX 200 <.AXJO rose 1.6% and South Korea’s Kospi .KS11 fell 0.8% on a jump in coronavirus infections.
“I think that reflects a lingering caution. The pandemic is still a concern…non-tech stocks are still weighed down by COVID-19,” said Bank of Singapore analyst Moh Siong Sim.
Foreign exchange markets best reflected those worries and a strong dollar kept Asia’s currencies on the back