Economy is a Monopoly board

Economy is a Monopoly board

BILL GROSS: The economy is a Monopoly board, and everybody is losing Bill Gross thinks the world economy is playing a losing game. In his latest investment outlook on Wednesday, Gross said credit creation had reached its limits and there was nothing central banks could do about it. This means the global economy, which Gross said is based on credit creation, in turn is slowly grinding to a halt. To illustrate his point, Gross compared the world economy to the board game Monopoly. Here’s how it’s supposed to work, according to…