Recently, Jeffrey gunlak, the new bond king, said in the media that the U.S. market will face risks again, and investors will have the opportunity to see the market return to the end of March.
gunlak believes that the US dollar will not fall further in the short term, but “will definitely fall in the long term.” His long-term pessimism about the dollar is due to the government’s deficit accounting for more than 50% of GDP. In response, gonlak commented that the increasing government debt so far has not been inflationary but deflationary. He believes that if the Fed goes beyond lending tools and monetizes its debt, inflation will rise.
for bonds, gonlak said, “if investors bet on bonds, then TLT (US Treasury ETF with a maturity of more than 20 years) would be a notable option.” He added that he had never been short on US Treasury bonds and did not want to short high-yield bonds.