There has been a lot of talk of late of interest rates going up to their highest levels since (gasp!) June and how this portends the hyperinflation Glenn Beck has been warning about ever since he realized he could make money off it. Well, as with most right wing talking points, this one is pretty easily debunked with a little (double gasp!) thought.
Let's take a look at how these run away interests rates have performed (in this case, on the 10 year treasury bond) versus the S&P 500: