New Bond King: The United States is unable to repay its debts, and U.S. bonds will eventually need to be restructured!
Recently, Jeffrey Gundlach, the CEO of DoubleLine and known as the "new bond king," warned in a conversation that the current U.S. deficit accounts for 7% of GDP, a borrowing level typically reached only during severe economic recession periods. If this figure continues to rise to 13%, it will lead to a catastrophic debt crisis, and the likelihood of debt restructuring in the future is high. He advises investors not to take risks by buying high-yield government bonds
Recently, Jeffrey Gundlach, the CEO of DoubleLine and known as the "new bond king," warned in a dialogue that: the current U.S. deficit accounts for 7% of GDP, a borrowing level typically reached only during severe economic recession periods. If this figure continues to rise to 13%, it will lead to a catastrophic debt crisis, with a high likelihood of debt restructuring in the future. He advised investors not to take risks by buying high-yield government bonds.