"New Debt King" Gunlach: US debt is no longer a safe-haven asset,"the moment of liquidation is coming"
On June 12, Gundlak, the "new debt king", said on Wednesday that the U.S. debt burden and interest expenses have become "unsustainable," which means that long-term U.S. 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 of 2006 - 2007. He said investors should consider increasing the allocation of non-US dollar assets and revealed that the company he manages is starting to include foreign currencies in its funds. (News from Wall Street)
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