Interest rates going parabolic, economy in general tanking, Bernanke epic fail.
For someone who has lived through the seventies, eighties and nineties, and prime at 20+%, it's amusing to hear a 10 year yield of 2% characterized as "rates going parabolic".
AGNC being down less than 1% today doesn't exactly rise to "Obliteration Day". Funny, WMC and TWO were up on OB.
I'm not getting the nexus with parabolic interest rates and failing economy.
Maybe "Hyperbole Day" is apt.
Ben said the interest rates were not going up any time soon.