January 2014 Payroll Employment
We are getting closer to the previous peak.
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 .
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.
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?
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Favourite quote from the 'Transcript' tab (and it was a hard decision):
But two funny things happened this week to Porsche. The first: CEO, Matthias Mueller, remarked that he anticipated flat demand into 2013 despite great ...
Detective Del Spooner: Human beings have dreams. Even dogs have dreams, but not you, you are just ...
Consider this report from Deutsche issued yesterday. Page 20 begins "How to position for a China rebound". Basically it is a call to long copper and maybe punt on domestic thermal coal investment.
Elsewhere an examination of Chinese companies ...
Take this chart/text of the financing choices made by firms with turnover greater than EUR 500m in various countries:
Good news: GW Pharmaceuticals are hiring.