"New debt king" Gundlach: US debt is no longer a safe-haven asset, "the time of reckoning is coming"
2025-06-12 05:01:26
On June 12, the "new debt king" Gundlach said on Wednesday that the US debt burden and interest expense have become "unsustainable", which means that long-term US debt is no longer regarded as a truly risk-free investment. He compared the current market environment to the situation before the bursting of the Internet bubble in 1999 and before the global financial crisis in 2006-2007. He said investors should consider increasing their allocation to non-dollar assets, and revealed that the company he manages is starting to include foreign currencies in its funds. (Wall Street news)
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