The Good, the Bad and the Ugly
- October 31st, 2008
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I’ve been watching the financial news this week and I’ve got to tell you, there’s been some good news, bad news, and downright ugly news. Let’s start with the good.
Archive for October, 2008
I’ve been watching the financial news this week and I’ve got to tell you, there’s been some good news, bad news, and downright ugly news. Let’s start with the good.
Today’s average price of gas is the lowest it’s been since August of 2005. This should be very encouraging news considering that stock market made it’s second largest gain in history yesterday. New home sales in September were up 3% from August. Banks are lending credit again. It would seem our economy is on the rise. But don’t let some cheap gas get your hopes up.
I recently confirmed that it will be impossible to secure any payday loans in the very near future. Barack Obama support a national 36% APR cap on interest rates for all loans. This will effectively ban and outlaw personal loans outright. Why are politicians so against cash advance payday loans anyway?