SOURCE: The TCW Group, Inc.

The TCW Group, Inc.

June 16, 2009 13:41 ET

TCW Publishes New Investment Outlook Letter by Jeffrey Gundlach: "The Jalopy Economy"

LOS ANGELES, CA--(Marketwire - June 16, 2009) - The TCW Group, Inc. published on its web site today an open letter from Chief Investment Officer Jeffrey Gundlach offering his views on the global financial crisis of 2007-2008 and his outlook for the years ahead.

"The financial breakdown of 2007-2008 marked a bursting of America's long-running debt culture," Mr. Gundlach writes in his letter, available at www.tcw.com. "Now Washington is trying to 'solve the problem' with much more of the same: a massive upsizing of deficit spending combined with unprecedented monetary stimulus."

"The new debt binge might buy a little time, maybe even a spell of economic growth," Mr. Gundlach continues, but eventually "the old jalopy will grind to a stop. Then we will witness the sequel to 2007-2008."

To read the full letter, please visit the TCW.com home page or click the link below:

Letter From Jeffrey Gundlach

http://www.tcw.com/cmRoot/Funds/CIOLetters/JGLetter_061509.pdf

About TCW

Founded in 1971, the TCW Group develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth. The firm has approximately $100 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Société Générale Asset Management, which has approximately $400 billion under management.

Contact Information

  • Contact:

    Michael Utley
    Vice President, Media Relations
    The TCW Group, Inc.
    (213) 244-0975
    Email Contact