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."
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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