Top Investor Warns Tucker Carlson of ‘Large, Multi-Generational Reset’

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. Speaking to former Fox News host Tucker Carlson for his X show, Mr. Gundlach disputed some claims that the Federal Reserve would lower interest rates in the coming months to help get President Joe Biden reelected. “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.”...