Bill Gross, bond
investor, stamp
collector, philanthropist,
and billionaire,
can write pretty much whatever he wants. He can even refer
to the chairman of the Federal Reserve as "Ben the Pelvis". But
surely the upside of writing for the FT, as opposed to the Pimco newsletter,
is that you get to call upon the services of professional editors. Shouldn’t
they cut such stuff out? And how on earth did they allow into print the assertion
that "the wait is excruciating, and in some cases painful"?