Tuesday, October 14, 2008
(Cont'd from above)...

We're trying to expand the universe, so when we go down, we have things to buy.

Today, we're really going downscale... We're going to the pawnshop...

Sure, with our government's European-style plan, it will be easier to borrow money, but there are still plenty of people with bad credit who need cash fast... just to pay the bills. That's the essense of the coming recession, even if we've been saved from revisiting 1932.

Remember, despite the great program that the Europeans forced on us, we haven't become a wealthier nation, or a nation with a strong economy. We've just stopped the bank failures, and made it so the banks will lend again, and not be destroyed by the short sellers... of course, abetted by the SEC.

That doesn't make anybody's earnings better... it doesn't even give you a raise...

Even with yesterday's move, people's retirement accounts have been devestated. So where do you think they'll go for money?...

I've got a sneaking suspicion that we all know where they're going to go. They're going to go to pawn shops. That's right, pawn shops are going to work in this economy, so we might as well try to make some money off of them... better than loan sharks...

The largest pawn broker is Cash America International, Inc. (CSH)... that's the largest in the country. It's got 480 pawn shops... in 22 states and 982 total locations, offering not just pawn lending, but also predatory payday lending and cash checking...

If you think Americans are getting poorer... well, I've got to tell you man... CSH would be the stock to buy.

The Bottom Line!:   For a play on America's continued economic misery, go no further... take a look at Cash America International, Inc. (CSH)...

Read Jim's next Segment here