Bill Gross on the downgrade, and will the U.S. become the prey

S&P finally got it right. They spoke to a dysfunctional political system and deficits as far as the eye can see. They are enforcing some discipline. My hat is off to them,” says Bill Gross of PIMCO.

Watch the video interview with Gross, where this screenshot came from. America is wobbling badly now and it’s obvious to the entire planet. Will the predator become the prey? This could lead to some very nasty jingoism and xenophobia here if the America Exceptionalism crowd sees all that supposed power and influence slip sliding away.

In a time where the country needs genuine leadership instead we have squabbling children.

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