"New Bond King" Gundlach: U.S. Bonds Are No Longer Safe-Haven Assets, "Day of Reckoning Is Approaching"

According to BlockBeats, on June 12, the "New Bond King" Jeffrey Gundlach stated on Wednesday that the U.S. debt burden and interest expenses have become "unsustainable," meaning that long-term U.S. Treasuries are no longer viewed as truly risk-free investments.

He likened the current market environment to the period before the burst of the internet bubble in 1999 and the global financial crisis of 2006 to 2007. He advised investors to consider increasing their allocation to non-U.S. dollar assets and revealed that the company he manages has begun incorporating foreign currencies into its funds. (Wallstreetcn)