Gross Echoes Buffett Saying Treasuries Have ‘Little Value’ on Debt, Dollar

It's about time Bill Gross is coming to his senses: bond prices are about to collapse, and simultaneously, yields will rise.  It's not arbitrary that the world's biggest bond investor is avoiding US Treasury bonds. 

http://www.bloomberg.com/news/2011-03-31/gross-echoes-buffett-saying-treasuries-have-little-value-on-debt-dollar.html

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said Treasuries “have little value” because of the growing U.S. debt burden.

The U.S. has unrecorded debt of $75 trillion, or close to 500 percent of gross domestic product, counting what it owes on its bonds plus obligations for Social Security, Medicare and Medicaid, Gross wrote in his monthly investment outlook. The U.S. will experience inflation, currency devaluation and low-to- negative interest rates after accounting for consumer-price gains if it doesn’t reform its entitlement programs, he said.