To put it the other way here is recent interview...

To put it the other way here is recent interview Carlson-Gundlach the bond king quote:

Gundlach believes "the world has fundamentally changed.

"You know, when I was in college, there was this Green Peace movement and there and their motto was Save the Whales. And now the environmentalists movement is killing the whales with windmill construction in the ocean....

There were a lot of sort of hippie types that had bumper stickers that said "Split wood, not atoms." And now what are we doing? We're saying zero carbon. We're now saying anything but split wood, anything but burned coal."

So everything changes," the bond king laments:

"You know, the women's movement was a big deal back in the seventies. Women's rights, equal opportunity. Now it's the opposite of that. At least in athletics, women are under attack.

So it's weird how everything changes, but that's the way society and long term economic cycles work is that things that were norms in the past become outdated as as societal conditions change, attitudes change, the means of production change, and those norms just can't hold up."And Gundlach concludes by pointing out that "we're in one of those radical transformations" now