I was going to continue our look at the Winners And Losers in the current repricing of capital - on the list were Life Companies & Reinsurers, Cash-flow Positive and Negative Retailers, Cash-machines like CISCO (CSCO US) and Intel (INTC US) Versus Cash sinks like GE (GE US) - but I got side-tracked yet again by BANKS. You see I was talking with one friend about DBS in Singapore. As he said “This thing has just broken out of an 18 year consolidation: 4q 2017 results were up 38% with that forecast to continue in 2018. And you have the shares on a prospective 2019 yield of 4.5%”. He’s right of course: BEAT GOOD IDEAS TO DEATH!