Should We Be Alarmed That The Biggest Bond Fund In The World Has Dumped All Of Their U.S. Treasury Bonds?

Bill Gross, the manager of the biggest bond fund in the world, PIMCO, has forgotten more about bonds than most of us will ever learn. That is why the big move that PIMCO has just made is so unsettling.  At one time PIMCO held more U.S. government debt than any other bond fund on the globe, but now news has come out that they have gotten rid of all their U.S. government-related securities.

For months, Gross has been warning that the bull market in bonds is coming to an end, and now it looks like he is putting his words into action.  Gross must really believe that something fundamental has shifted.

Here we are on the edge of one of the biggest financial disasters in human history and most Americans still don't understand what is happening.

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