On June 12, the "New Bond King" Gundlach stated on Wednesday that the United States' debt burden and interest expenses have become "unsustainable", which means that long-term U.S. Treasury bonds are no longer considered truly risk-free investments.
He compared the current market environment to the periods before the dot-com bubble burst in 1999 and the global financial crisis from 2006 to 2007. He suggested that investors should consider increasing their allocation of non-dollar assets and revealed that his company is beginning to incorporate foreign currencies into their funds. (Wall Street Insights)
