Bond manager Gundlach sees debt crescendo: report

LONDON (Reuters) - Expectations of a swift economic recovery in 2012 are premature, with the sovereign debt crisis in Europe likely to reach a "crescendo" in 2012, DoubleLine Capital chief executive Jeffrey Gundlach said in an interview published on Thursday. "I've a really hard time with the argument the economy's about to go into some wonderful land of 5 percent GDP growth", Gundlach said according to the Financial Times. Gundlach pointed to Europe with "its banking system and obviously unserviceable debt" and U.S. government finances as "twin towers of risk," the newspaper reported. ...