Pawn Shop Economics

Discussion in 'Economics' started by hefty1, Jun 29, 2006.

  1. hefty1


    My first impressions are pawn shop stocks are a good place to hide if one's expecting a downturn or even recession... however do they act like retailers or banks or something else all together?
  2. They are basically legalized crooks.
  3. just like traders provide liquidity to the market, they provide liquidity to drug addicts.

    its all about function! :)
  4. piezoe


    They are basically legalized crooks.

    Indeed. They make wonderful money. And when you combine check cashing with pawning you've got a winning combination.
  5. providing liquidity for junkies... jeje... that´s good...