Posted 10/18/2023, 1:21:15 PM
Gundlach Warns Soaring U.S. Debt Could Threaten Dollar's Reserve Status
- Jeffrey Gundlach warns dollar's status as reserve currency at risk due to high US debt and spending
- With rising interest rates, annual interest payments on US debt could exceed $1.8 trillion
- This would be more than double current US defense budget
- In just over 2 years, interest expense has already risen from $500 billion to nearly $900 billion
- Gundlach says "massive budget deficit and increasing interest rates should scare every American"
