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Politics : View from the Center and Left

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From: JohnM11/24/2009 10:27:50 AM
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Krugman has a mission. Short term. But there it is.
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November 24, 2009, 9:05 am
Money, mouth

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.blogs.nytimes.com
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