Learn from Monopoly, bond manager tells Yellen

Los Angeles

BILLIONAIRE bond investor Bill Gross has a message for Janet Yellen: Take a lesson from Monopoly.

Mr Gross, in his latest outlook for Janus Capital Group Inc, likened the economy to the board game where players collect US$200 every time they pass the "Go" square. That payment - the game's version of credit creation - ensures expansion at the start, but it also dooms players because the amount is fixed and does not grow, eventually leading to stagnation and bankruptcies.