PIMCO: U.S Debt Could Become Debilitating

In his latest monthly commentary, PIMCO's Bill Gross opines that U.S. federal debt, while not near-term threatening, could become "absolutely debilitating" if it continues its current trajectory.  Gross believes that the world's current debt crisis can only be ultimately cured in two ways: 1) default on it, or 2) print more money in order to inflate it away.

Click here for PIMCO's July Investment Outlook.  

Scott Middleton