More Tales From Nvidia: Do AI Debt Downgrades Lie Ahead? (Issue # 221)
Doug Kass
on
July 24, 2026
For decades the Fed has been following the 2yr UST. Lately, large bond issuance fuels the AI spend boom abetted by iffy ratings. The debt gets placed but soon trades down, suggesting disbelief in the ratings. I expect the raters will soon have to follow the market and downgrade.
— Jeffrey Gundlach (@TruthGundlach) July 23, 2026
Position: None
- Category: Daily Diary
Posted by Doug Kass
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