美债将迎“最终清算”！“新债王”预警：美债崩盘将触发美元资产逃离潮

Group 1 - Jeffrey Gundlach, CEO of DoubleLine Capital, warns that the U.S. debt burden and interest payments have become unsustainable, potentially leading investors to withdraw from dollar assets [1] - Gundlach suggests that long-term U.S. Treasuries are no longer a viable safe-haven asset, indicating an impending "liquidation moment" [1] - The current market environment is compared to the pre-burst of the 1999 internet bubble and the 2006-2007 global financial crisis, with a booming private credit market reminiscent of the mid-2000s CDO market [1][3] Group 2 - Gundlach highlights that recent months have seen public credit markets outperform private markets, which he believes are facing risks of over-investment and forced selling [1] - He notes that institutions like Harvard University may consider selling private equity holdings due to funding cuts from the Trump administration [2] - As of March, DoubleLine Capital manages $93 billion in assets, with over 250 employees [2] Group 3 - Gundlach predicts that long-term bond yields may continue to rise, potentially reaching 6%, which could prompt the Federal Reserve to initiate quantitative easing [3] - The 30-year U.S. Treasury yield recently reached a near 20-year high of 5.15% last month, currently reported at 4.91% [4] Group 4 - Gundlach increasingly favors gold as a "real asset class," suggesting a paradigm shift in capital flows away from the U.S. [7] - He forecasts that gold prices could rise from $3,350 to $4,000 per ounce [7] - Gundlach identifies India as a long-term investment opportunity, likening its current economic characteristics to those of China 35 years ago [7]