Bill Gross is his usual chirpy self over central banks

The Janus Capital man utters forth in his latest monthly outlook

  • Central bank policies haven't boosted credit growth

  • Central banks have been relying on outdated models for policy

  • The credit-based financial system is spluttering

  • Central banks should take a lesson from Monopoly

"If only Fed governors and presidents understood a little more about Monopoly, and a tad less about outdated historical models such as the Taylor Rule and Phillips Curve, then our economy and its future prospects might be a little better off"

Bill Gross talks about being outdated

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