The enormous debt accumulated by the world and especially by governments will create dislocations and systemic problems in the next down cycle in markets and economy, resulting in a 'big mess'.

causalpending

Speaker

Felix Zulauf

Evidence Quote

due to the enormous debt the world has accumulated and particularly some of the governments have accumulated that next down cycle in the economy in the markets first and then in the economy will create all sorts of dislocations and systemic problems and it will be a big mess.

Source

Jeffrey Gundlach and Felix Zulauf: The Second Inning of a Major ShiftDoubleLine Capital
Created: 8/12/2026, 6:25:56 PM

My Notes

Loading notes...