What a timely post. By the way, one piece of the picture:

STEEM rewards pot is fixed. What changes your payout is the USD price of steem (price feed set by witnesses) and the votes that shift around.

Thus, a higher price of STEEM means a higher rate that SBD gets printed. I've been trying to tell everyone that wants to hear this repeatedly, but this is a natural phenomenon and will equalize to the peg in the long run.

See this post for my long term analysis, and also for contrast, see this post about a possible short term correction.