I'm in the bond business. And I'll just say there's so much there that's twisted, misconstrued, and flat out wrong.
A few tidbits:
1. Bill Gross is famous for talking his book. If he's come out and said he's dumped his bonds, he's trying to drive down the market so they're cheap when he repurchases them. Which he already most likely has, and has made a killing on it as Treasuries have been on quite a run lately.
2. Meridith Whitney is an equity analyst. She knows nothing about municipal bonds. Her name is a joke on our muni desk.
3. "The debt-to-GDP ratio approaches the 90% number- a figure that few countries have ever recovered from." Huh? This chart is from late 2010. We're not even in the top 10 in the world for debt to GDP
Articles like this are trash.