Reckless U.S. Deficit Spending May Reap Inflation Whirlwind

Interest-Rates / US Debt Jan 08, 2011 - 05:26 AM
By: Jeb_Handwerger

Bill Gross, the PIMCO Money Manager, to whom it is often worth listening, cautioned this week that our nations leaders really do not know where they are going. They are mired in the fiscal quicksands of perpetual trillion dollar deficits. I believe as he does that there will be more agony ahead after the present euphoria in the equity markets. Thus I say, “Caveat Emptor-Let the Buyer Beware!â€