It is not surprising that on one of the slowest days of the year, things are also so slow in Newport Beach that the bond king is prone to philosophize on matters such as Bitcoin, the gilded age, prosperity and what is so far missing.

Gross:Part 1of 2: We live not in a new gilded age but a bitcoin age where artificial money (from central banks) creates temporary prosperity — PIMCO (@PIMCO) December 23, 2013