CoinVoice has recently learned that, according to a report by Wall Street Watch, "the new bond king" Gundlach stated on Wednesday that the U.S. debt burden and interest expenses have become unsustainable, which means that long-term U.S. Treasury bonds are no longer regarded as truly risk-free investments. He compared the current market environment to the situation before the internet bubble burst in 1999 and before the global financial crisis from 2006 to 2007.
He stated that investors should consider increasing their allocation to non-dollar assets and revealed that the company he manages is beginning to incorporate foreign currencies into its funds.
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CoinVoice has recently learned that, according to a report by Wall Street Watch, "the new bond king" Gundlach stated on Wednesday that the U.S. debt burden and interest expenses have become unsustainable, which means that long-term U.S. Treasury bonds are no longer regarded as truly risk-free investments. He compared the current market environment to the situation before the internet bubble burst in 1999 and before the global financial crisis from 2006 to 2007.
He stated that investors should consider increasing their allocation to non-dollar assets and revealed that the company he manages is beginning to incorporate foreign currencies into its funds.