Billionaire Investor Jeff Gundlach Issues Dire Recession Warning as Bonds Crash

Billionaire investor Jeff Gundlach, founder of DoubleLine Capital, warns of an impending recession in the US as bond yields soar. Gundlach points to the narrowing spread between 2-year and 10-year US Treasury yields as a sign of economic downturn. He states that if the unemployment rate increases even slightly, it should be seen as a recession alert. Other voices on Wall Street, such as JPMorgan Asset Management's David Lebovitz, also express concerns about the bond-market sell-off and predict potential stock-market chaos.