Gallows humor

By Megan McArdle

Eddy Elfenbein:

At one point today, the yield on the three-month Treasury bill (^IRX) hit 0.01%!!

One Freakin Bip!!

This means that the risk-free rate is now in direct competition with the underside of your mattress.

This article available online at:

http://www.theatlantic.com/business/archive/2008/09/gallows-humor/4131/