Just, hear him out.
“All investors should fear the consequences of mindless U.S. deficit spending.” wrote Gross, a founder and co-chief investment officer at Pimco. Like a female mantis who eats the head of her mate while reproducing, policy makers are “munching on the theoretical heads of future generations, while paying no mind to the wretches that will eventually be called upon to pay the bills,” he wrote.
Fear `Mindless' U.S. Deficit Spending, Pimco's Gross Says [Bloomberg]
Off With Our Heads! [PIMCO]