Bill Gross: The US Is A Debt Meth Addict – Unless The Fiscal Gap Is Closed Soon “The Damage Will Be Beyond Repair”Submitted by Tyler Durden on 10/02/2012 07:37 -0400Apple Bill Gross Bond Brazil China Congressional Budget Office France Google Greece Gross Domestic Product International Monetary Fund Italy Japan Johnny Cash Medicare Mexico New Normal ratings Reserve Currency VigilantesThe highlights from Bill Gross latest monthly piece:Armageddon is not around the corner. I don’t believe in the imminent demise of the U.S. economy and its financial markets. But I’m afraid for them.The U.S. is no “clean dirty shirt.” The U.S., in fact, is a serial offender, an addict whose habit extends beyond weed or cocaine and who frequently pleasures itself with budgetary crystal meth. Uncle Sam’s habit, say these respected agencies, will be a hard and dangerous one to break.
When the largest bond fund manager in the world, talks everyone listens.