$40 cents club, page-1736

Yes, people look at the debt when the real bomb is Social Security. Was watching Jeffrey Gundlach on a May 9 interview last night and he reckons they'll be dry by 2030 (I think he may have said 2028).

Interestingly, he said if he'd been asked to pick one asset class at the beginning of the year, he'd have picked gold, but after that spectacular 25% rise starting March, he's not so sure now.

His thoughts on recession were also very interesting and is giving me pause for thought regarding an impending recession within 6 months. I still believe it's on the cards, but I'm lowering my certainty down a notch or so.

I thought this was a fantastic interview for people interested in these matters and there aren't many 50 minute interviews as enlightening.