Jeff Gundlach warns of US debt crisis and advises shifting towards non-dollar investments
From Yahoo Finance: 2025-06-12 18:53:00
Investor Jeff Gundlach warns of a US debt crisis and “reckoning” ahead. He doubles down on the “Sell America” trade, citing concerns over dollar-denominated assets and increasing debt. Foreign currencies are being introduced to funds as a precaution. Gundlach sees a shift towards non-dollar investments, with foreign investors eyeing US assets. He advises looking into gold, Indian assets as safe havens. Despite alarm over rising deficits, some on Wall Street doubt the “Sell America” trade. JPMorgan, Morgan Stanley believe US assets will remain dominant.