New Bond King: Preparing for U.S. "debt restructuring"; Hassett: U.S. debt default "impossible in a million years"
"New Bond King" Jeffrey Gundlach is quietly adjusting his portfolio to prepare for a scenario with very low probability but severe consequences—unilateral debt restructuring by the U.S. government. The White House responded with strong denial.
According to Bloomberg, Gundlach said, if the U.S. falls into