In sputtering economy, pawnshops are king
August 24, 2009 | alternatives | Comments (0)From Madison, WI’s Capitol Times,
Despite the proliferation in recent years of small-loan instruments — notably payday loans — the pawnbroker, with a history reaching back to the Roman Empire and ancient China, persists. And unlike payday loan stores, which have the feel of banking branches, a pawn shop’s eclectic mix of items and their owners offers a dramatic window into life during the economic downturn.
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