Posts Tagged ‘Economic’
Payday Loans Companies Set to Rise With Economic Ups and Downs
Posted by admin in Finance Friday, 18 November 2011 02:12 No Comments
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Is it possible for an industry to be both cyclical and counter-cyclical? Companies offering online payday loans might just emerge from the recession just as strong, possibly stronger, than they fared in the downturn.
The popular perception of payday loans companies is they do well when factors of personal finance are down. That’s easy to imagine – when people make less money they have to borrow more frequently. Particularly when credit is tight and traditional forms of lending (e.g., credit cards) are less available to people, borrowing via paycheck loans is a natural default for millions of the still-employed (payday loans, as the name makes clear, are available only to those who have jobs).
And that has happened in spades during the current recession. Payday loans companies have become a very solid part of the economy. Formerly two-earner households, taken down to one paycheck while one partner is laid off, run up against emergency expenses that require a quick infusion of cash because they’ve either maxed out their lines of credit or have none in the first place. Hence, the role of the payday loan in a recession.
Online payday loans transformed the industry
However, in an emerging recovery, as employment rebuilds, payday loans are expected to continue their ascent. Why? It’s simple: online payday loans are different from bricks-and-mortar cash advance stores.
In the old days (pre-2005, or thereabouts), most payday loans required a trip to a retail store. Most were located in certain neighborhoods with lower income demographics. It was a barrier to a large part of a now-expanded market comprised of middle and even upper-middle income salaried employees. After all, they still find themselves short on quid from time to time. Now, with online payday loans there are no geographical barriers that would cause income-level barriers.
Also, because payday loans are employment based, individuals who are working but whose credit scores aren’t yet fully recovered from recessionary circumstances will still need this type of cushion. People who are turned down for other lines of credit due to credit ratings usually still qualify for payday loans .
What source of economic growth is reflected in the economy by an increase in productivity without an increase?
a. technological progress
b. foreign trade
c. population growth
d. savings and investment
Personally I think it is either Population growth or Technological Progress. Which one?
Also, Which of the following statements is true, as market economies have evolved since Adam Smith’s time?
a. Government intervention in the economy has decreased.
b. Government intervention in the economy has become greater.
c. Government intervention in the economy is based on job safety.
d. Government intervention in the economy has stayed relatively the same.
Thanks for your help!
Why is the market economy the most common economic system?
Posted by admin in Finance Saturday, 1 October 2011 04:21 2 Comments
Why is the market economy the most common economic system?
In social studies class we are talking about “types of economic systems” and one question is “why is the market economy the most common economy?
Creating Wealth During an Economic Depression
Posted by admin in Finance Thursday, 15 September 2011 11:12 No Comments
This book (47pgs) provides straight-forward tools to help create financial independence. Bonus: Now includes 101 Tips for Creating Wealth
Creating Wealth During an Economic Depression
What Business major should I choose after the economic crisis?
I heard from a friend, after the economic crisis, accountants aren’t finding job placements. So, I’m startin to become worried because I don’t even know which major in Business I should take! Is International business better than accounting? What type of Business major makes money and has job security?
George W. Bush Institute Convenes Top Economic Minds to Develop Blueprint for Accelerated Economic Growth
Posted by admin in Finance Tuesday, 12 April 2011 17:15 No Comments
George W. Bush Institute Convenes Top Economic Minds to Develop Blueprint for Accelerated Economic Growth
DALLAS–(BUSINESS WIRE)–Four percent annual GDP growth in the United States would simultaneously improve job creation, boost America’s standard of living, reduce the national debt and help shore up health care and retirement programs. Today, the George W. Bush Institute kicked off a conference to launch the “4% Project,” which will establish a blueprint for public policies and private business …
Via:Read more on Business Wire
SBA economic injury loan deadline nearing
Posted by admin in Finance Tuesday, 12 April 2011 10:32 No Comments
SBA economic injury loan deadline nearing
ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds small businesses, small agricultural cooperatives and most private non-profit organizations of all sizes in parts of Mississippi of the May 2 deadline to apply for economic injury disaster loan assistance.
Via:Read more on Mississippi Business Journal
Economic Report: Bank of Japan holds off on easing, offers loans
Posted by admin in Finance Saturday, 9 April 2011 15:10 No Comments
Economic Report: Bank of Japan holds off on easing, offers loans
The Bank of Japan holds off on easing policy further but establishes a special lending facility for financial institutions in areas hit by the March 11 earthquake and tsunami.
Via:Read more on Market Watch
Interview – Confessions of an Economic Hit Man – Part I
Posted by admin in Finance Saturday, 19 March 2011 14:02 25 Comments
Interview with John Perkins author of “Confessions of an Economic Hit Man” Part II of this interview at youtube.com Talk by John Perkins www.youtube.com
Research and Markets: New Poland Market Insight Report Covers Major Economic Opportunities in the Country
Posted by admin in Finance Thursday, 17 March 2011 08:09 No Comments
Research and Markets: New Poland Market Insight Report Covers Major Economic Opportunities in the Country
DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/9bdc7f/poland_phasezero) has announced the addition of the “Poland – PhaseZero Market Insight Report” country profile to their offering. Whythawk PhaseZero reports offer rapid, high-level comparative country insight. These reports combine quantitative and qualitative content with …
Via:Read more on Business Wire
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