An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label T Boone Pickens. Show all posts
Showing posts with label T Boone Pickens. Show all posts
Monday, May 5, 2014
Jeff Gundlach: "We'll never see 1 million housing starts again in my lifetime." Sounds like Pickens' infamous prediction about nat gas.
Does Gundlach have a terminal disease that he's hinting to?
I don't know, this kind of kooky prediction sort of reminds me of the prediction T. Boone Pickens made back in 2008 or 2009 (can't remember exactly), when he said, "We'll never see $2 natural gas again in my lifetime."
Gas was like $9 or something at the time and it promptly fell to, $1.90 in 2012.
Gundlach's had some success, but maybe he's starting to go off the rails like the rest of them now.
By the way, doesn't he look a little crazy in that pic?
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