betting on another rate cut
Once again, banks are unhappy, and HELOC'ed homeowners are busily scratching their tiny wounds, putting tears on their face with the help of a can of paint. The people to be robbed by rate cuts own no houses and cannot count on the sympathy of policymakers. So it is a safe bet that the Fed will cut once again. The coming months will see another transfer of wealth from the homeless savers to the leveraged homeowners, so place your bets accordingly. Down with "financial ultra-short" SKF. Up with banks and builders.