Tag Archives: Economy

Household Balance Sheet Q4/2008-Net Worth Down $11.2 trillion From Year Earlier

Posted on May 26, 2009 by John Rutledge

As you know from my recent posts, I spend a lot more time thinking about balance sheets and a lot less thinking about GDP, than most economists. In this post I want to look at the balance sheet of the … Continue reading →

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Restructuring Government Balance Sheets–Where are the Real Assets?

Posted on May 25, 2009 by John Rutledge

California’s budget mess is front page news. Some are trying to figure out whether they can (or will) cut spending enough to live within their means. Others are looking for new revenue enhancers–we don’t call them taxes anymore or people … Continue reading →

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