Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (17040)	3/20/2002 3:39:57 AM
From: JBTFD	Read Replies (1) of 74559

All that Baron's article proves is that depending on how you pick your statistics, you can argue any side of the discussion. I bet the author had decided the slant of his article before he approached any statistics about the subject. I would point out that the quote from 1956 is true, in as much as our quality of life has deteriorated to the extent that 1 wage earner can no longer support a family. Now 2 parents working full time can do what one parent did working full time a generation ago. I guess I just have to say I disagree with you on this point. I think it is a sad state of affairs that, for example, these payday loan places are opening up in droves to fleece the poor working stiff at rates exceeding 300% annual rate. I dont remember seeing them around 10 years ago. That should be illegal to charge rates that high.

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