Billionaire bond fund manager Jeffrey Gundlach is concerned the US is headed in an ‘appalling’ direction

Giving his take on the state of the markets and the U.S. economy, DoubleLine CEO and CIO Jeffrey Gundlach, also known as “The Bond King,” warned America is headed in an “appalling” direction on “Making Money with Charles Payne” Thursday.

“I just find it appalling that we wring our hands over the tragedies that occur because there’s shootings of six or eight or 15 people, and that’s horrible, and it gets a lot of play in the mainstream media,” Gundlach told host Charles Payne. “But people are dying of fentanyl by very large numbers every single d