Economics Roundtable

Technical Problems 1/21/15

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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.


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Political Calculations

March 4, 2015, 11:03 pm, 1433730

We have to thank University of Wisconsin-Madison economics professor Menzie Chinn, because we don't think that we could have produced a better chart showing the difference in post-recession economic performance of states that adopted labor, tax and regulation policies preferred by Republicans over states ...

March 3, 2015, 5:03 am, 1432272

Following its apparent contraction in January 2015, it appears that the U.S. economy continued to contract in February 2015.

We're basing that assertion on the number of publicly-traded U.S. companies that announced they would be reducing their cash dividend payments to their shareholders during ...

March 2, 2015, 3:03 am, 1431426

Where do Americans get the income they earn each year?

According to the IRS, via the Tax Foundation, the answer is to be found in the interactive chart below, which shows the IRS' preliminary data for how many billions of dollars Americans ...

February 27, 2015, 5:03 am, 1430188

Perhaps the only thing cooler that the JPL's image of the dwarf planet Ceres taken by the Dawn probe....

February 26, 2015, 7:03 am, 1429383

As econoblog readers, we follow Econbrowser pretty regularly, mainly for Jim Hamilton's insights, but recently, we've begun paying closer attention ...

February 25, 2015, 5:03 am, 1428579

Aren't Hollywood actors supposed to be among the most ardent supporters of left wing causes?

And as members of organized labor unions going back for decades, aren't Hollywood actors supposed to be looking out for the interests of those among their ranks who ...

February 24, 2015, 5:03 am, 1427744

Of all the things we never expected to find ourselves doing, providing policy guidance to the Federal Reserve is probably at the top of the list.

That's all the more unexpected because we've never had any contact with any official at any level of any branch ...

February 23, 2015, 3:03 am, 1426979

A lot of lower middle class Americans are just finding out that they will have to pay more income taxes for the 2014 tax year than they expected because they didn't or couldn't sign up for ObamaCare in late 2013 or early 2014.

But for people ...

February 20, 2015, 5:03 am, 1425862

What the world needs now is a better snow plow. Imagine what it would mean for state and local transportation departments to be able to clear two lanes of road with just one vehicle, rather than the one vehicle per lane method in widespread use ...

February 19, 2015, 3:03 am, 1425016

Every three months, we take a snapshot of the expectations for future earnings in the S&P 500. As we'll show you today, expected earnings per share for the S&P 500 throughout 2015 have plummeted from the levels that Standard and Poor had projected ...