Pawning a $4,000 Rolex
February 11, 2009 | alternatives, industry, personal finance | Comments (2)The Payday Pundit obviously has great sympathy for consumers who need short-term credit. I’m particularly moved by a guy in this story who is pawning his grandmother’s jewelry, family heirlooms. But how does someone have a $4,000 Rolex but no money in the bank? Doesn’t make sense.
That’s not saying much
November 13, 2008 | Chicago Tribune, alternatives, industry, personal finance | Comments (0)“We know more about what’s going on with the economy than the Federal Reserve Bank,” said David Schoeneman {pawnshop owner}, who first noticed traffic inching upward at his Chicago Heights store about nine months ago. Gas prices have dipped recently, but any relief has been counteracted by new job woes, he said.
The whole story is worth a read.
