"This the man who, in opposition, said there would be a day of reckoning for the banks, " he said.
With money printing the real force behind economic growth worldwide, Gundlach believes the GDPs are artificially inflated and expects a day of reckoning.
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But with the world economy stagnating, and U.S. unemployment at stubbornly high levels since the recession, a day of reckoning appears to be looming.
And that is what will lead to a day of reckoning.
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The bottom line is this: There will be a day of reckoning when it comes to fossil fuels, and investors need to take far stronger steps to avoid the climate cliff.
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"It will be a day of reckoning and I think you are going to see the chancellor forecast the longest recession that Britain has had since World War II, " he said.
Two biotech companies testing high-risk treatments for fatal cancers are approaching a day of reckoning on Monday, when doctors will convene to advise the Food and Drug Administration on whether their drugs are worth approving.
"It's a day of reckoning and justice, " Clarita Vargas, who said she and two sisters were abused by a priest at a Jesuit-run school for Native American children in the state of Washington, told the Associated Press.
But what has happened may be only a delay in the day of reckoning.
Until that day of reckoning a caretaker government will run the country.
Italy was headed for national elections in April anyway, so his abrupt not-quite-yet-resignation advances the day of reckoning by a couple of months at most.
The timing impasse may well have been a welcome relief to Olmert, delaying the day of reckoning with the settlers.
The day of reckoning will not be a pretty sight.
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"Chris has just delayed the inevitable day of reckoning for 12 months, " a spokeswoman said.
In Indonesia, the day of reckoning has now arrived: I believe a reformed system will be in place post-Suharto.
For Lilly, the day of reckoning was Oct. 25, 2011, when competitors announced a generic version of Zyprexa, an antipsychotic medication.
The other day, I criticized Kingdoms of Amalur: The Reckoning, saying that despite capable gameplay, a well-built world, and easy RPG mechanics, it had no style.
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If Washington can agree on something or at least push out the day of reckoning, bank stocks must start to discount the end to net interest margin depression, a big plus dwelling in the cards.
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