Gross speaks...and acts by selling treasuries

Bill Gross, largest bond fund manager in the country, warns in this article in Wapo that the U.S. has a year or two to get its fiscal house in order before it faces the same issues as Portugal, Greece,  Ireland and the other basket cases with debt they can no longer manage.  Meanwhile he has sold all his treasuries because he senses inflation in the air.  Whatever this guy does in the investment arena is closely watched by all other investment managers so we can be sure they are all beginning to dump treasuries and batten down the hatches.