Letters to the Editor
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Apply for GSE status
Well maybe wait until one or two of the major credit card companies is given government backing.
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Outstanding!
Close 'em all. Chain pawnshops and payday lenders are only there to syphon money out of working class communities. They return nothing. It's almost your patriotic duty as an good American to default on a payday loan or betteer yet, several. At least the old, mom and pop pawnshops were local, small businesses. Sleazy, preditory, local businesses, yeah. But at least they were owned by people who lived and worked in the community. I'm not sure if it's a cause or effect, but the first sign that a neighborhood is going down hill is a sign on a stripmall marquee that says "Checks Cashed". Now if we could get rid of all the out of state "lotto delis"...
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A falling tide
lowers all boats.
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as deep as a puddle in July
Imagine if you will, Mr. Leonard sipping his Monday morning caramel latte, pondering how to spin an interesting story (pawnshops have greater economic sensitivity due to loan businesses) and turn in into a class warfare, anti-ceo rant.
At least it was brief.
It's comforting that you are one with the people, but dude, can you give us something deeper to ponder on this fine day?
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It's hard being rich in America
The Wall Street Journal has a long history of lamenting how hard it is to be rich in America. I fondly remember the article during a previous economic downturn about the wretches being forced to cut back on their housekeepers' hours. Some were forced to let their housekeepers go entirely, and were resorting to claiming that messy houses were now chic. I shed a tear.
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I just sold 6 cameras to a Pawn shop.
It's easier than eBay or Craigslist and it returns about the same dollars. Old and used is old and used. If you get 10 cents on the dollar it's better than tossing it in the trash. I have a carton full of old cordless phones I'll try to unload next. And a trumpet, a clarinet and a violin. The last time I tried to sell a violin the mommy wanted to take it to have it 'evaluated' by her 4 year old snowflake's private tutor. Guess what, a $700 3/4 violin wasn't up to Yo-Yo Ma Junior's standard.
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Good Times, Bad...
How can anyone really benefit when inflation is the problem?
I'm familiar with most of the "bad weather" business ideas. Sure, exploiting others' misfortune is usually a juicy business model.
But in the case of "inflation," when everyone is being subjected to basically the same level of suffering, why assume that there would be a way to get around that?
Pawnshops may even be seeing plenty of business, but if they have to pay 3x more for gas and heat, they're still going to hurt.