they are not going to raise interest rate.. that is just talk.. they talk about it to help the markets cuz everyone thinks if fed says they are going to raise interest rates soon then everything must be good ... but they can't raise interest rates.. if they did everything would implode.. they wouldn't be able to service the debt.. they will go negative interest rates before the ever go up again. they aren't going to stop QE either.. instead they outsource the QE. i keep raising the bets... lol .
Very much this.
One week you're going to the cash advance to get money for hookers and blow.
Next week you're going there to get money for the rent.
The week after, you're going to the next cash advance down the road to get money to pay the first cash advance.
How many cash advances are there?
I agree. They will never raise rates. as for Cash Advances, I live in a town of about 12 thousand people. There are about 20 subprime lenders here. Possibly two dozen. I think we're already starting that third stage. As I was typing this, a panhandler knocked on my front door. WTI oil hit a $43 handle today and the "for sale" signs are already multiplying. it's worse than 2008. People here will sell there wives and children before their boats and pickups, but they are filling up the parking lot in the strip malls with vacant stores behind them.
