Author Archives: John Rutledge

February Consumer Credit +2.4%

Consumer credit increased at an annual rate of 2.4% in February; revolving credit grew at a 5.9% rate, and nonrevolving credit was up 0.4%. You can read the full report by clicking here, FRB: G.19 Release–Consumer Credit–April 7, 2008. Interest … Continue reading

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Egyptian Workers Riot Over Rising Food Prices

Government programs in the US and other countries to force consumers to use ethanol in place of gasoline have led to skyrocketing corn, grain, and meat prices around the world. (The irony–ethanol requires more fossil fuel than gasoline, is more … Continue reading

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