Author Archives: John Rutledge

Consumer Credit Chart Speaks for Itself

Posted on October 7, 2008 by John Rutledge

This is what happens to consumer credit when the capital market freezes up and there is no money available at any rate. It is the reason posted rates are so misleading as a measure of the cost of capital today. … Continue reading →

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The Next Class War: Retirement Income

Posted on October 7, 2008 by John Rutledge

Here is a chart from a CBO testimony in the House today that shows you the issue that will create the next class war. Social security is massively underfunded, as is Medicare. Big cutbacks in benefits are unavoidable. As you … Continue reading →

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