Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

Click on the image to get a bigger version.


The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .

Click on the image to get a bigger version.

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.

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.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Capital Chronicle

June 23, 2015, 5:03 am, 1495366
At least the Netherlands, Ireland, Luxembourg and Malta did not join the hypocrisy by including anyone on their lists.

Last Wednesday the EU Commission published a list of 30 countries, including Barbados, that it describes as non-cooperative jurisdictions on tax matters. The ...

March 7, 2015, 11:03 am, 1435314
Where did Canada, Spain and Mexico go...
(Source: CNN via dadaviz)

January 21, 2015, 10:21 am, 1407328

“We have this imminent bond-buying by the ECB -- at least that’s what everybody is expecting -- and if euro-zone yields are falling that makes Treasury yields relatively attractive, even at these rates,” said Philip Marey, a senior market economist at Rabobank Groep in Utrecht, the Netherlands.(link)

The ...

January 8, 2015, 11:03 am, 1400927
Reporters Without Frontiers produced this report for 2014 on the dangers of practicing their metier around the globe. France joined the top 5 yesterday in a shockingly dreadful manner.

December 24, 2014, 11:03 am, 1394418
Nice little graphic from the US Global Investors website:

(link here to article)

Whatever OPEC says there is a feeling that the pre-shale days are done. But perhaps more on ...

December 23, 2014, 11:03 am, 1393776
Someone took the trouble to quantify what most owners of small French business structures (ie under 250 employees) have known for a long time: they are getting a seriously bad deal compared to, erm, just about every peer one can think of.

The following table comes from ...

November 20, 2014, 5:03 pm, 1375218
...but a little bit helps.

If your browser does not display the graphic the full article is here.

November 6, 2014, 7:03 am, 1365540
Two competing – but sometimes overlapping – approaches to relative value / pairs trading are to take either a fundamental ‘signal’ view based on changes to factors such as the accounts, the economy, the CFO’s penchant for recognizing revenue early and so on; and the ‘noise’ approach ...

October 9, 2014, 9:03 am, 1348408
Three econometricians are out hunting. They spot a stag. Given this is a story about economists let us assume it is a deaf stag.

The first econometrician aims, fires but misses to the left by a metre. The second econometrician takes ...

August 5, 2014, 7:03 pm, 1311909
If only Mr. Rogoff had waited a couple of weeks before reviewing Mr. Piketty's opus here the result might have been far more entertaining (as well as thought-provoking).

Why? Mr. Piketty got the R&R treatment from the FT this week (right here, you ...