VIX and the Fed rate hike

http://feedproxy.google.com/~r/marginalrevolution/feed/~3/s2Wo8REBelI/vix-and-the-fed-rate-hike.html

http://marginalrevolution.com/?p=67295

This is what it looks like when expected volatility plummets:

Gold is up a good deal too, but mostly the world proceeds as if not so much has happened.  Emerging market currencies reacted strongly.