Cornages!

Just introduced to Long or Short Capital. This post had me laughing out loud, much to the dismay of my office-mates:

When America had the desire to prop up corn prices a need for cheap sugar what did it do? Make sugar out of corn.

When America had the desire to prop up corn prices a need for an alternative source for cheap liquid gasoline? Make gasoline (ethanol) out of corn (and out of pigs via piganol).

Now America has a floundering real estate market and the need for cheap domestic financing to prop it up. What should she do? Make mortgages out of corn. Turn what is plentiful into what is scarce. Simple.

Priceless.

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