Jeffrey Gundlach

U.S./Canada swap makes increasing sense the more one realizes it’s an even swap. MN population: about 6 million, AL population: about 5 million. MN GDP about $500 billion, AL GDP about $400 billion. MN culture in sync with Canada culture. AL culture in sync with Montana culture, their neighboring State post swap.

Walz: “Leave our city alone”. Why? So your city can keep stealing the more than 50% of annual income I pay in taxes?!

August 6, 1974: Nixon tells his Cabinet he will not resign and will serve out his term. August 8, 1974: Nixon announces he will resign. January 6, 2026: Walz says he will not resign and will serve out his term…………..

Here’s an idea. A U.S./Canada swap: U.S gets Alberta. Canada gets Minnesota.

I still do not have reliable, or anything close to it, US Postal Service delivery in Pacific Palisades.

One year ago gale force winds were ramping up in Southern California. In the ensuing two days thousands of Pacific Palisades homes burned to the ground. Soon promises to “help” were made by State and City “leaders”. They have not been kept. At all.

Tired of fraud in Federal Government programs? Here is a two-pronged way toward a solution, sort of a modern day Anaconda Plan: 1: Repeal The Sixteenth Amendment 2: Replace with an Amendment prohibiting Federal Budget Deficits in any fiscal year unless approved by 2/3 of States

Is there a betting market on how many days it will take for Walz to resign?

Another day, another new high in the dollar price of gold.

If there is a pictorial dictionary AI should default all “deer in the headlights” inquiries to the Smiley guy in today’s Brown University seemingly cover up press conference. Not a happy man.

The Brown University “investigation” appears to have rapidly evolved into a cover up.

Looks like Brown University has joined the “Poison Ivies” club. Murders on campus, pathetic “investigation”, only identifiable response: cancelling exams (which probably means everyone gets an “A”, however redundant with pre-murders existing norms).

Well, it took many wasted hours of my time and likely a large fee from my tax people to help IRS figure out that “Yes”, I did pay my 2024 Federal Income taxes in full and on time and so “No” there is no penalty due. While fraud by illegals and crooks barrels along. Repeal The Sixteenth Amendment!!!!

Here’s an idea: Repeal the 16th amendment. No more Federal Income tax. Taxes only at the state level. Initially keep aggregate tax revenue the same, but let the states decide what to fund internally and what to allocate to the Federal Government.

Went to great lengths to pay my 2024 Federal Income taxes before the 10/15/2025 deadline (for us people devastated by the Palisades fire). Made every effort possible to pay in full and on time. The IRS office in Fresno did not take delivery of my tax payment in full and on time. They have sent me a penalty bill.

USA home affordability is at an all time low comparing median home prices/carry costs to median income. The % of median cost of home ownership to median household income is at 2006 levels. But now there are no crazy loans, so it is really much worse.

Bloomberg: “Renovo’s main borrowing entity…filed for Chapter 7 bankruptcy last week, listing liabilities of between $100 million and $500 million and assets of under $50,000.” And a major firm in Private Credit land had its position marked at 100 just a few weeks ago!?! Yup

In Private Credit land, loans marked at 100 one day can be “revalued” at ZERO a few weeks later after the borrower declares bankruptcy. Case in point: Renovo Home Partners. Remember: there is never just one cockroach.

After high hopes entering this season (Josh Allen is our quarterback, after all) Bills mafia got gut punched today. Because Josh is not being supported. I doubt bringing back Gabe Davis will make a difference.

Another day, another negative development in Private Credit land. Bloomberg article about PIK (“Pay In Kind”) proliferation masking the stress and likely coming pain/defaults.

There it is! Per the Debt Clock, US National Debt just crossed above $38 Trillion. $40 Trillion here we come.

I have received communications related to art dealing from a person who calls themself Natasha Dobson that are highly suspicious.

Red bars are official recessions. Remember when 2% long term average inflation was the goal? Need deflation next few years to get there. Don”t count on it, https://t.co/DXcZIPvBl4

Will not be on CNBC post Powell presser tomorrow (scheduling conflict) but will be on with Scott Wapner Monday August 4 in the 3 pm EDT hour to cover the market reactions to the Fed meeting AND the July employment report.

The U.S. Debt Clock is at $36.999 Trillion and spinning like a Tokyo taxi meter. $37 Trillion for real is just hours away. *Yippee*!

Somehow I doubt the developments of the past week will increase private investment in Los Angeles.

Reporting from ground zero. Karen Bass: A few hours ago : the protests are peaceful. Now: we are implementing a curfew.

The situation currently underway in Paramount California sort of looks like civil war.

A rise in the 30 Year US Treasury yield to above 5.18% would take it to a new eighteen year high.

Treasury yields have been rising on a trend basis while the dollar has been falling on a trend basis. This paradigm’s likely emergence, and the reasons behind it, have been described many times in my 5webcasts and media appearances.