I was listening to some extremely low brow unfunny "progressive talk" radio while the tag line "Because facts matter" was being smashed into my brain. In our last Dog Barks post, we pointed to financial TV and the connection to "fake news." Today, a debate team bench warmer and Mensa failure pile offered up the mental ort that bank stocks were performing well because the yield curve had steepened over the preceding reporting period - or some such. (If you want word for word contact Monica Crowley)
Sorry kids, but facts don't matter. What matters is filling up hours of live feed and bandwidth so you remain connected to your screens. Clearly this individual's understanding of NIM is limited to The Great Owl Book #GIK. Also, the quiet pressure on the curve since Op Twist and Re-Investment has been a topic for serious practitioners for years now.
Here's a thought, vet the guest. Have an anchor ready to challenge "sell side derpitage" (Check my Twitter tag) at ;east on some base level of civility. And finally, think about the offset of a sharper curve - should it ever happen - now that banks are loaded with FI assets of longer duration than past generations.