According to ChainCatcher and Wall Street News, the "new bond king" Gundlach stated on Wednesday that the United States' debt burden and interest expenses have become unsustainable, which means long-term US 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 of 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.
