Investment Guru Issues Warning

Bill Gross ,one of the largest bond fund managers in the world, issues a warning. What's the road ahead for America?

currency devaluation, the inflating away of long-term pension liabilities, and the payment of rising healthcare expenses via higher personal and corporate taxes. Investment markets in the United States will not ultimately prosper under such an increasingly odorous environment. It is only sensible, therefore, to diversify globally. Sorry for the straight talk folks, but don’t you think it’s about time?

Here's a guy that's one of the biggest players at the U.S. government debt auctions.At least he's giving you a heads up.Sounds like Bill Gross thinks higher interest rates are coming.Real estate speculation might get rather expensive.