Monday, June 13, 2011

Well, that's just one man's opinion - Unfortunately, it's the opinion of the guy who runs the largest mutual fund in the world. PIMCO's Bill Gross says that Americas's financial state is "worse than Greece." That would Greece, the country where the bond is now rated "junk" status.

1 comment:

Anonymous said...

Small detail: the population of Greece is about 11,250,000, or not quite as much as Ohio.

Bill Gross calculates America's share of worldwide debt as greater than the combined underwriting amount of all countries' debt, equity and related securities, a total which includes the U.S. I wonder if people ever say things that they hope will make them money?