Business Insider: How Rising US Debt Could Compound Into a Crisis, According to 'Bond King' Jeffrey Gundlach
Article by Filip De Mott in Business Insider
America must curb its borrowing binge before it "breaks the bank," Jeffrey Gundlach said.
"Under the next few presidential administrations, the national debt will mushroom beyond the government's ability service it, perhaps even beyond the credulity of the country's creditors," he wrote in The Economist. "In the coming years expect dollar debasement, debt restructuring or both."
The DoubleLine Capital founder is among a group of Wall Street heavy hitters raising alarm over a coming debt crisis.
Anxiety is mounting amid Washington's widening federal deficit of $1.83 trillion, or .....