{"id":4834,"date":"2012-10-02T20:46:59","date_gmt":"2012-10-03T02:46:59","guid":{"rendered":"http:\/\/www.zmetro.com\/?p=4834"},"modified":"2012-10-02T20:47:00","modified_gmt":"2012-10-03T02:47:00","slug":"us-hooked-on-%e2%80%98crystal-meth%e2%80%99-debt-says-gross","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=4834","title":{"rendered":"US hooked on \u2018crystal meth\u2019 debt, says Gross"},"content":{"rendered":"<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/505f3e5c-0c9d-11e2-a776-00144feabdc0.html#axzz28971qona\">Dan McCrum:<\/a><\/p>\n<blockquote><p><i>Bill Gross has compared the US government\u2019s reliance on debt financing to a \u201ccrystal meth\u201d addict, in the latest in a series of dire warnings from one of the most influential investors in the bond market.<\/p>\n<p>\u201cThe US, in fact, is a serial offender, an addict whose habit extends beyond weed or cocaine and who frequently pleasures itself with budgetary crystal meth\u201d, said Mr Gross, who manages the $273bn Total Return bond fund for Pimco.<\/p>\n<p>Investors sound alarm on UK\u2019s RPI reform<br \/>\nIn an investment outlook that began with a discussion of the 69-year old investor\u2019s lack of long-term memory, Mr Gross returned again to a theme that he has visited over the last decade: unsustainable US spending.<br \/>\n<\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Dan McCrum: Bill Gross has compared the US government\u2019s reliance on debt financing to a \u201ccrystal meth\u201d addict, in the latest in a series of dire warnings from one of the most influential investors in the bond market. \u201cThe US, in fact, is a serial offender, an addict whose habit extends beyond weed or cocaine [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4834"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4834"}],"version-history":[{"count":1,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4834\/revisions"}],"predecessor-version":[{"id":4835,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4834\/revisions\/4835"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4834"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}