DoubleLine chief Jeff Gundlach, in a conference call with investors, doesn't share the view that...

|By:, SA News Editor

DoubleLine chief Jeff Gundlach, in a conference call with investors, doesn't share the view that not lifting the debt ceiling is a disaster. He instead believes it will result in "instant austerity" where cuts are made to everything except coupon payments. More worrisome: the growing U.S. wealth inequality - if not solved at the ballot box, it will be solved in the streets. (Full presentation).