PIMCO's Bill Gross: U.S. Debt Reaching Unsustainable Levels

In his June Investment Outlook, PIMCO's Bill Gross opines that total U.S. credit market debt as a percentage of GDP is "reaching unsustainable proportions."  He expects a "rather tortuous journey in the months and years ahead" stemming from "too much debt and too little growth to service it."  

Click here for Bill Gross' commentary.

Scott Middleton