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Gross: GM's failure is a preview of the country's fate
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Wednesday, June 10, 2009
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From Newsmax:

The General Motors failure is a harbinger of things to come for the United States as a whole, says bond guru Bill Gross.

"I think it is important to recognize that General Motors is a canary in this country's economic coal mine; a forerunner for what's to come for the broader economy, the Pimco co-CEO writes in a note to investors.

"Their mistakes have resembled this nation's mistakes; their problems will be our future problems."

Read full article...

More from Bill Gross:

Bill Gross: U.S. is close to "point of no return."

Bill Gross: U.S. is screwed, will lose AAA rating

Bond King Bill Gross dumping Treasuries; mortgage debt


Topics: Bill Gross | General Motors | Boondoggle
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