Folks,

When the policy makers decided it was a good idea to lower interest rates and print money in volumes that would please drunken sailors worldwide, there were winners and losers to that policy. You could stand with the losers, or move over to the winners side.

One loser was the business banker, because money is fungible, and why would one borrow money from a biz banker, at 8, 10, 12% or more, sign off a perfected security agreement on your home (whether or not you are incorporated) and labor under loan covenants, when you could take out a HELOC at a floating rate about half the business banker rate? Well, one wouldn't, and didn't, and biz bankers went begging.

With the rate cut recently my HELOC dropped to 5.24% and my interest only payment fell by $330. What will I do with the extra $330? Well, if shorting the DOW stimulates the economy, then that is what I am doing.

Government policies have effects, but they help some and harm others. Of course, guess who gets helped, and who gets harmed.

One problem is folks partial to fighting either GLOBAL WAR on Terror or GLOBAL WARming, usually support the solution of the respective political class, and carrying signs Mostly say "hooray for our side". What if you know the political response is a scam AND you desire clean environment and terror free peace and prosperity? And further, you know a solution that does not have winners and losers?

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