Jeffrey Gundlach Warns of ‘Garbage Lending’ as Private Credit Booms

In markets awash in “garbage lending” and unhealthy valuations, Jeffrey Gundlach is keeping his strategy simple: load up on cash and stay away from private credit.

By Denitsa Tsekova, Tracy Alloway, Joe Weisenthal · Bloomberg Markets

In markets awash in “garbage lending” and unhealthy valuations, Jeffrey Gundlach is keeping his strategy simple: load up on cash and stay away from private credit.