Traders are reacting to this morning’s adjusted GDP report which shows slower growth than originally reported…
Gross domestic product, the value of all goods and services produced, rose at an annualized seasonally adjusted rate of 1.6% from April to June, the Commerce Department said Frid
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GDP Report Shows Anemic Growth
December 7th, 2010 at 11:00 am
Concerning your point about payday loans — in my experience, they’re really only ever used in emergencies. Consumers often don’t take out a payday loan to cover their monthly mortgage payment, because that’s part of their pre-calculated budget. But, say, if the washing machine breaks down or the dog gets sick, then consumers are a lot more likely to resort to a payday loan to cover that emergency bill that they didn’t expect.
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Rachel
Payday Advance Blogger