Building on his thoughts from earlier in the year that the dollar “is doomed,” DoubleLine Founder Jeffrey Gundlach reiterated in tonight’s webcast that any “economic growth we’re seeing isn’t really economic growth,” it’s just spending funded by “massive amounts of tools and devices The Fed has used.”

As he noted previouslyconsumption is not really the economy. The economy is about production. And when you buy goods produced in Asia with stimulus money, it shows up as GDP, but it’s really Asian GDP. It’s consumption in the United States. “So the economy isn’t really that strong with five million fewer jobs.”

Even with all the stimulus…

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