Sure, he's no Kim Kardashian or Ashton Kutcher, but PIMCO's Bill Gross is gaining traction with his Twitter feed. His latest tweet Monday night weighed in on the recent announcement from the Federal Reserve that it would initiate another round of bond buying to help stimulate economic growth.
"Central banks are where bad bonds go to die. Sell bad bonds, buy good ones. Investing sometimes can be very simple," Gross tweeted, in what we can only guess was far from paparazzi outside the Chateau Marmont.
Despite his penchant for flowery prose and, at times, odd metaphors in his popular monthly investment outlooks, Gross seems to have taken to the new media communication tool, posting a number of tweets in recent months that have even played into rap mogul-style feuds with well-known academics.
The Federal Reserve's announcement on Thursday said that the central bank has launched a third round of quantitative easing, pledging to expand its balance sheet by nearly a half a trillion dollars a year beyond existing commitments.
