Interesting Economic Observations

Bill Gross, the well-known investment manager for Pimco's bond funds, writes a monthly "Investment Outlook" column. His July issue, which is titled "Dear President Obama," has some observations about how our current economic situation is likely to impact future government spending. Mr. Gross believes we have some major economic issue to deal with (surprise!). He doesn't predict the ultimate outcome, but offers possibilities. Interested? Click here to read his commentary.