Fed rate cuts are arriving too late and layoffs show the US economy is already in a recession, bond king Jeff Gundlach says

The Fed should have cut interest rates a lot sooner, according to Jeff Gundlach. The 'Bond King' thinks the (https://www.businessinsider.com/personal-finance/investing/are-we-in-a-recession) economy is already in recession, as evidenced by rising layoffs. [...]