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Jeff Gundlach thinks a 'pivot' is coming to economic policy — and everyone is looking the wrong way

Jeff Gundlach, Wall Street's bond god, thinks the world of monetary and fiscal policy is about to pivot. "How in the world could we be talking about rates never going up when in fact rates have bottomed?" he asked the crowd of investors at the Grant's Interest Rates Observer conference in New York City on Tuesday. He explained that it was on July 6th when he decided that the narrative that benchmark interest rates around the world would stay lower for longer was "getting quite old.
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