Gundlach Warns of Private Credit 'Garbage Lending'

Financial expert Jeffrey Gundlach warns of garbage lending in private credit, likening it to credit cockroaches. He suggests investors limit stocks to 40% and fixed income to 25%, favoring short-term government bonds and non-dollar options. Gundlach also predicts major government action on U.S. national debt within five years, potentially leading to a radical change in the financial system.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.