More Gundlach (previous): He expects the Fed to begin "tapering" soon, accompanied by some sort...

|By:, SA News Editor

More Gundlach (previous): He expects the Fed to begin "tapering" soon, accompanied by some sort of made up statement about an improving employment situation. What's really going on, he says, is a reduced federal budget deficit meaning the Fed doesn't need to buy so much paper. They're trying to "rightsize" purchases.