Noted billionaire bond investor Jeffrey Gundlach warned this week during an interview that the United States could face a “large, multi-generational reset” after the 2024 election. “This is a really big problem because we have such a large amount of expenditures that are mandatory,” he explained. “We don’t have the money right to have interest expense that high.” Referring to decades of U.S. deficit spending, “There is a real problem with this massive deficit. We’re going to not be able to really refinance this debt,” he said. “And I think that’s going to lead to a crisis in the dollar, which will lead to a crisis in the economy.”…
