TechFlow, June 12 — According to the Wall Street Journal, Jeffrey Gundlach said Wednesday that the U.S. debt burden and interest expenses have become "unsustainable," implying that long-term U.S. Treasuries are no longer truly risk-free investments.
He compared the current market environment to the period before the burst of the internet bubble in 1999 and the run-up to the global financial crisis from 2006 to 2007. He advised investors to consider increasing allocations to non-U.S. dollar assets and revealed that his firm is beginning to include foreign currencies in its funds.
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