Comments on: Finovate 2008 – The finance industry isn’t so bad after all… http://blog.smarthippo.com/2008/10/15/finovate-2008-the-finance-industry-isnt-so-bad-after-all/ Financial news and updates from SmartHippo, the community site that helps you save money Tue, 09 Mar 2010 18:16:23 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Payday Loan Advocate http://blog.smarthippo.com/2008/10/15/finovate-2008-the-finance-industry-isnt-so-bad-after-all/comment-page-1/#comment-295 Payday Loan Advocate Mon, 27 Oct 2008 10:28:13 +0000 http://blog.smarthippo.com/?p=52#comment-295 Americans are struggling with the current economic crisis that has been brought on by careless mortgage lending. However, America is not the only country that is negatively affected by this economic calamity. The International Herald Tribune tells its readers that the credit crunch is being felt in Europe, too. Small businesses like Dominique Boudier’s printing company, outside of Paris, rely on credit with their suppliers to operate. Boudier’s creditors are reducing their offerings by half. This cut has been mandated by the suppliers’ credit insurance companies. Considering the 60-day lag time in which clients pay, Boudier’s business needs additional cash flow to compensate for this major shortfall. Because Boudier’s bank has its hands tied as well, Boudier fears the worst. Boudier’s bank, like many others throughout Europe, started to put its money to sleep with the European Central Bank instead of investing it in other banks and the economy as a whole. When banks began to fail and liquidity was disrupted, credit began to dry up. Similar to America’s Federal Reserve Bank, the European Central Bank uses a mechanism based on the ability to produce as much fiat money as necessary. Fiat-money currency, which is essentially credit money, loses worth as soon as the government declines to further guarantee its value. Inflation is on the rise. Many people believe that stronger private banking systems that make responsible decisions will eventually solve this problem. In the meantime, payday advance loans will be easier to get for those that need short-term assistance and can’t afford to wait for the faltering central banking system. Post Courtesy of Personal Money Store Professional Blogging Team Feed Back: 1-866-641-3406 Home: http://personalmoneystore.com/NoFaxPaydayLoans.html Blog: http://personalmoneystore.com/moneyblog/ Americans are struggling with the current economic crisis that has been brought on by careless mortgage lending. However, America is not the only country that is negatively affected by this economic calamity. The International Herald Tribune tells its readers that the credit crunch is being felt in Europe, too. Small businesses like Dominique Boudier’s printing company, outside of Paris, rely on credit with their suppliers to operate. Boudier’s creditors are reducing their offerings by half. This cut has been mandated by the suppliers’ credit insurance companies. Considering the 60-day lag time in which clients pay, Boudier’s business needs additional cash flow to compensate for this major shortfall. Because Boudier’s bank has its hands tied as well, Boudier fears the worst. Boudier’s bank, like many others throughout Europe, started to put its money to sleep with the European Central Bank instead of investing it in other banks and the economy as a whole. When banks began to fail and liquidity was disrupted, credit began to dry up. Similar to America’s Federal Reserve Bank, the European Central Bank uses a mechanism based on the ability to produce as much fiat money as necessary. Fiat-money currency, which is essentially credit money, loses worth as soon as the government declines to further guarantee its value. Inflation is on the rise. Many people believe that stronger private banking systems that make responsible decisions will eventually solve this problem. In the meantime, payday advance loans will be easier to get for those that need short-term assistance and can’t afford to wait for the faltering central banking system.

Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: 1-866-641-3406
Home: http://personalmoneystore.com/NoFaxPaydayLoans.html
Blog: http://personalmoneystore.com/moneyblog/

]]> By: Kelly Rusk http://blog.smarthippo.com/2008/10/15/finovate-2008-the-finance-industry-isnt-so-bad-after-all/comment-page-1/#comment-244 Kelly Rusk Mon, 20 Oct 2008 17:38:28 +0000 http://blog.smarthippo.com/?p=52#comment-244 @Lisa no prob! Keep up the great work! @Jean-Christophe Great meeting you too! Still very impressed you travelled from France for the show! @Lisa no prob! Keep up the great work!

@Jean-Christophe Great meeting you too! Still very impressed you travelled from France for the show!

]]> By: Jean-Christophe http://blog.smarthippo.com/2008/10/15/finovate-2008-the-finance-industry-isnt-so-bad-after-all/comment-page-1/#comment-242 Jean-Christophe Sat, 18 Oct 2008 08:49:32 +0000 http://blog.smarthippo.com/?p=52#comment-242 Hi Kelly, I wanted to say it was great meeting the SmartHippo team this week at Finovate (cherry on the top: your CEO speaks French !). Keep up the good job :) Hi Kelly,

I wanted to say it was great meeting the SmartHippo team this week at Finovate (cherry on the top: your CEO speaks French !). Keep up the good job :)

]]> By: Lisa Randolph http://blog.smarthippo.com/2008/10/15/finovate-2008-the-finance-industry-isnt-so-bad-after-all/comment-page-1/#comment-239 Lisa Randolph Wed, 15 Oct 2008 15:58:45 +0000 http://blog.smarthippo.com/?p=52#comment-239 Kelly, Thanks for the props on our blog coverage! We had a great time covering Finovate, and we're glad to come away with so much to share with those that were unable to attend. Thanks for the interview, George! -Lisa Randolph Kelly,

Thanks for the props on our blog coverage! We had a great time covering Finovate, and we’re glad to come away with so much to share with those that were unable to attend. Thanks for the interview, George!

-Lisa Randolph

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