On June 12, it was reported that the "new Bond King" Gundlach stated on Wednesday that the United States' debt burden and interest payments have become "unsustainable," meaning that long-term U.S. Treasuries are no longer considered truly risk-free investments. He compared the current market environment to the period before the bursting of the internet bubble in 1999 and the global financial crisis of 2006 to 2007. He suggested that investors should consider increasing their allocation to non-dollar assets and revealed that the company he manages has begun to include foreign currencies in its funds.