Economics Roundtable

Technical Problems 1/21/15

The website was down for a day and a half, 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.


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Political Calculations

January 28, 2015, 7:03 pm, 1411825

Going into Wednesday, 28 January 2015, investors had believed that the Fed was likely to indicate that the U.S. economy was performing solidly enough that it would begin to implement its plan to hike short term interest rates before the end of 2015-Q2 in June 2015. ...

January 28, 2015, 5:03 am, 1411274

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January 27, 2015, 5:03 am, 1410492

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January 26, 2015, 3:03 am, 1409691

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January 23, 2015, 3:03 am, 1408538

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January 22, 2015, 3:03 am, 1407753

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January 21, 2015, 10:26 am, 1407362

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January 20, 2015, 9:03 am, 1407132

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January 19, 2015, 3:03 am, 1406544

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January 16, 2015, 3:03 am, 1405483

Is your home complete today?

HT: Core77, who celebrated the artistic achievements ...