MBS Day Ahead: Because… SIDEWAYS!


Posted To: MBS Commentary

If you're on the very youngest fringe of the mortgage market participant age range, you might know what a "meme" is. And if you're up to speed on ancient meme history (we're talking about a few years ago), you might have come across one of the quintessential ways to shut someone's argument down without actually making an argument that's ever existed: "because science!" For instance, you have friend who is amazed by the fact you can chill a bottle of beer by rolling it in a bowl of ice water for 2 minutes whereas he puts it in the freezer for 30 minutes and it still isn't cold. Rather than explain the thermal transfer efficiencies being exponentiated by contact and convection to someone who probably wouldn't get it, it's just easier to say…(read more)

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