USA : The world's growing debt problem is just like the US prison system

Bill Gross, the Janus bond guru and legendary investor, thinks that America has two imprisonment problems.The first, wrote Gross in his new monthly Investment Outlook out Tuesday, is the literal incarceration rate in the US. The second is the trap of ever-growing debt that has ensnared the US and global economies. On the first problem, Gross said in the letter that while he did not necessarily agree with the protest of San Francisco 49ers quarterback Colin Kaepernick, who has knelt during the US National Anthem this NFL season, the words “Land of the Free” in the anthem ring false to the investor. Read full article