Business

Jeff Gundlach has reason to celebrate: as of today, his DoubleLine capital, founded less than 7 years ago, now manages $100 billion in assets, a key milestone for the fund - recall that Pimco's Total Return Fund made major headline when it sunk under $100 billion just last September. As Reuters reports, the DoubleLine open-end mutual funds collectively posted a net inflow of $1.48 billion in May, bringing the 2016 net inflow to $9.05 billion.

The West is selling gold and the East is buying. What does that mean? Western “experts” are confused, but legendary investor and Austrian school analyst Jim Grant knows what is on the horizon — and why gold is essential.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

With price-to-sales at it highest ever for US equities, we thought the following three simple charts may provide some cynical, skeptical, fiction-peddling facts as everyone waits for payrolls this week...

Earnings expectations remain entirely decoupled from equity index price 'reality'...

And While Industrial Production in America mattered for decades... stocks are ignoring the current recession-like plunge in output...

Just days after Toyota became the latest investor in Uber, in hopes of boosting car lease transactions, moments ago FT reported that Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, is investing $3.5 billion in the ride-sharing company. This would be the largest single investment ever made in a private company. As the FT notes, this brings Uber's cash holding to more than $11billion at a time when the company is aggressively expanding in nearly 70 countries worldwide.