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1. Payday Loan Advocate says:

   November 6, 2008 at 10:55 pm

   Is there an American who isn't thinking about the economy these days? So many pundits are screaming from the pulpit “BACK OUT NOW,” and that the Dow Jones is falling toward 8000. People hear this kind of fear mongering and tend to believe it; they pull their money out of the market, curtail their spending and everything begins to freeze. Yet there are those who believe that we are in the recovery phase of a cyclical recession, not a “massive contraction.” A recent video segment of a discussion on the Fox Business Network that included economist Jeff Sachs of the Earth Institute at Columbia University and Dan Shaffer of Shaffer Asset Management points toward the light at the end of the tunnel. Sachs praises the Feds for taking on the serious problem of maintaining a good thaw on short-term money markets. If those were to freeze, businesses wouldn't be able to make payroll and it would become exceedingly difficult to obtain working capital. Shaffer digs into the numbers to offer the worried a positive word. He places America's current recession in historical context, identifying that there have been 14 distinct periods in American History since 1929 where indexes have fallen an average of 40 percent or more. As recently as 1973 (when this writer was born), the drop was more than 49 percent, but the country survived. Shaffer's studies of S&P and the Dow indicate that a bear market, which is a market condition in which the prices of securities are falling or are expected to fall, is here. Moreover, big-time entrepreneurs who have the money to invest - people like Warren Buffet - may just jump in and invest in various industries while the price is right. What has been damaged is well on the way toward repair, so don't pull your money and hide under a rock! It's the only way we know to keep the system going for everyone. For the average consumer, that also means don't be afraid to spend. If you run into some short-term problems, understand that products like short-term installment loans are an option for help. Stimulate the economy, America!
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2. Belinda O. says:

   January 7, 2009 at 12:38 am

   Have you ever confused with the undying speculations we did this past years? How about having speculations not only in our self but also doing speculations in American Finance? Seers and prophets should be able to foresee payday loans in their future, because there isn't much money in guessing how 2008 would turn out. (Nostradamus himself was actually kicked out of college for lying on his application.) This year did not go as predicted at all. For instance, the $4 per gallon is now about $1.50, and the next President of the United States is indeed Barack Obama. No one can guess the future, but 2009 ought to be quite the year indeed. To read about predictions gone wrong and some thoughts on payday loans, check out this article.