Consumers who don't really need the money have no trouble getting loans, says this financial expert. (Bankrate.com)
Consumers who don't really need the money have no trouble getting loans, says this financial expert.
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Personal incomes in U.S. drop sharply in July while spending slows (Canadian Business)
Martin Crutsinger, The Associated Press August 29, 2008 - 6:47 p.m. WASHINGTON - Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of US$93 billion in economic stimulus payments.
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Personal incomes in U.S. drop sharply in July while spending slows (The Canadian Press via Yahoo! Canada News)
WASHINGTON - Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of US$93 billion in economic stimulus payments.
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Stocks May Recoil on Weak Personal Income and Inflation Data; Oil Prices in Focus - RTTNews Daily Market Analysis (Nasdaq)
(RTTNews) - The major U.S. index futures are pointing to a lower opening on Friday. After a series of benign economic readings, the personal income and outlays report that showed softness in personal income and an increase in inflation rate is likely to cast a shadow on the state of the economy.
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Selective selling (The Hindu)
While public sector banks sell this product selectively, new generation and foreign banks have their target segments and were active players till very recently. They offer personal loans to self employed people at rates that range between 18 and 21 per cent and there are quite a few takers.
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