Graph-of-the-Year Candidates
Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?
Brad DeLong favors the U.S. gdp gap.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
Remember M1?
Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?
Click on the chart for a larger version.
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Ben Muse
"Economics and Alaska”
July 3, 2011, 10:34 pm, 870771
Here's a great old postcard of South Yarmouth center. The source at Wikipedia says 1910. Route 28 won't be upgraded until 1933, and then it will come in through the yard on the left and exit towards Bass River across...
July 3, 2011, 10:34 pm, 870770
Last year Daniel Fortier, of the Dennis Planning Department, posted pictures of windmills used in the past in Dennis and Yarmouth. There are windmills in yards to pump drinking water from wells, some apparently with elevated water storage tanks, industrial...
March 2, 2011, 2:34 am, 828177
Mrs. Boardman and her sisters opened their Salt Box vacation cottages for their first season in 1938. The cottage colony was built on an old farm between the northeastern end of the Bass River Golf Club and Bass River, a...
January 17, 2011, 12:34 am, 810675
In the summer of 1900 King Island was hit hard by disease. R. Newton Hawley, surgeon on the U.S. Revenue Cutter Bear, visited the island in July and again in August and published a short account in 1901 (The World's...
January 17, 2011, 12:34 am, 810674
When westerners began to visit the Bering Strait, they were touching the jugular of a thriving trade in furs between America and Asia. Furs from central and northern Alaska, and from as far east as Canada's Mackenzie River drainage, made...
January 17, 2011, 12:34 am, 810673
At least the administration was embarrassed, releasing its decision late on Friday to minimize publicity. The Obama administration has decided to impose import duties of 35% on imports of low cost Chinese passenger and light truck tires (U.S. to Impose...
January 17, 2011, 12:34 am, 810671
Construction of the trans-Atlantic telegraph cable pushed the limits of 19th Century technology. In the 1860s construction was begun on an alternative telegraph line to Europe - across Alaska, under the Bering Strait, and across Russia. Capt. Daniel B. Libby...
January 17, 2011, 12:34 am, 810670
The cost of living differential between urban and rural Alaska has increased since 1985 - an important reason is the introduction of "big box stores" in urban Alaska. Pat Forgery has a nice piece in today's Alaska Empire summarizing testimony...
January 17, 2011, 12:34 am, 810669
Elizabeth Bluemink reports: Alaskan Gold production highest since 1916 (Anchorage Daily News, November 8, 2009). Fort Knox mine. Source: Kinross Gold Corporation. In summary: Alaska produced about 800,000 ounces of gold in 2008 - the largest amount since 1916 (...
January 17, 2011, 12:34 am, 810668
Nancy Hooper, 5th Grade Tununak School Ms. Boonstra's class, second place entry in Alaska Department of Fish and Game Sport Fish Regs Cover Art Contest, 2001. Tununak is a small town on Nelson Island. For many years non-Native sport fishermen...
