All the serious people agree that the United States faces a debt time bomb. Never mind those low, low interest rates — big trouble is just over the horizon.
Meanwhile, Bill Gross of Pimco has increased his fund’s holdings of US-government-related debt from 48 percent in September to 63 percent now.
But hey, what does one of the most successful bond investors in history know?
--- Krugman, 11.24
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