Credit Divide

I read today about the "credit divide" - a situation where people with great credit scores can borrow cheaply, but other people cannot borrow much at all.

A lot of it's an effect of the Lords of Finance doing somewhat contrary things. On the one hand, the Fed has pursued an easy money policy. On the other hand, after the mortgage bubble collapsed, banking regulators have pursued tight lending rules.

It's like putting a humidifier and a dehumidifer together in a room, and letting them fight it out!

If you're credit's great,
don't wait,
borrow today and stimulate
that big sluggish horse
we call Workforce.

He's lumbering slowly along the course.