Interest rates were supposed to go up when the end of quantitative easing (printing money) came into focus. That was the gospel according to Pimco’s Bill Gross, who dumped all his Treasuries, who indeed went short the U.S. government-bond market. But as the chart shows, the benchmark rate on 10-year [continue reading . . . ]
Canadian taxes, S&P’s warning that it might downgrade U.S. debt and Zillow’s proposed public offering were the my principal topics on Weekday on KUOW today. Earlier in the hour, Weekday host Steve Scher and Vancouver Sun political correspondent Vaughn Palmer had discussed why Canadians pay much higher prices for everday [continue reading . . . ]