To lighten the mood a bit, has anyone else noticed Ken Tumin's picture on the web-page? Not the hint of a smile. He looks almost pained, as if someone just announced ZIRP. Tight lips, tight jaw, you can almost guess he is peeved at something. Ken, lighten up. Get a new picture. Say "cheeeeeze".
We are now (supposedly) in a rising-rate environment. Time for a grin, right?