Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

Click on the image to get a bigger version.


Jobs

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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The Sports Economist

"Economic Commentary on Sports & Society”


February 17, 2014, 6:45 am, 1226471

A novel means of financing has been proposed by an investment banker and Buffalo Bills fan, Steven Brady. The idea is to finance an anticipated purchase of the team from 92 year old owner Ralph Wilson with “Bills Bonds”, which would pay below market interest as long as the team ...


February 17, 2014, 6:45 am, 1226472

Here’s Arsene Wenger, via Duncan White  in the Telgraph:

“What the statistics have done, is that they have kicked out of the game all the players who cannot run. Suddenly the English level is much higher. You play against a team and you know it.”Where Wenger has really noticed the ...


February 17, 2014, 6:45 am, 1226473

Most NFL writers trashed Vince Young’s after his shoulder-pad throwing, walking out on Jeff Fisher blowup on Sunday.  The grilling ranged from moderate such as SI.com’s Peter King

And though Young’s played better this year (10 touchdown, three interceptions), I get the sense the coaching staff has tired ...


February 17, 2014, 6:45 am, 1226474

The Cleveland Indians are getting ready to open a skating track and 10-lane snow tubing hill at Progressive Field during the offseason.

…Senior director of merchandising and licensing Kurt Schloss declined to specify financial goals. He says the aim is attracting fans downtown during ...


February 17, 2014, 6:45 am, 1226470

I’m shocked, shocked I say that this would happen in a case with a publicly-subsidized sports stadium.

Eight years ago, as the St. Louis Cardinals aimed to build a new baseball stadium, team owners signed an agreement with the city worth millions of dollars a year in tax ...


February 17, 2014, 6:45 am, 1226469

Among the title or presenting sponsors: The Dish Network Orange and White Game at Tennessee, the Golden Flake A-Day Game at Alabama (Children’s Hospital, the U.S. Navy and Cook’s Pest Control also are sponsors), the Auburn A-Day Game Presented by the U.S. Navy, the Super Bulldog Weekend presented by Regions ...


February 17, 2014, 6:45 am, 1226466

The Badger Herald has named the names of the worst people on the University of Wisconsin.  Seems that these people had the audacity to engage in arbitrage of Wisconsin Badger bowl tickets.

The above students had the nerve to put their Rose Bowl tickets up for ...


February 17, 2014, 6:45 am, 1226467

Most of the commentary following FIFA’s award of the 2018 and 2022 World Cups to Russia and Qatar has focused on the voting process, the objectives of FIFA, and potential corruption.  But for me, FIFA’s decisions are remarkable for their consistency.  They are allocating the right to host the tournament ...


February 17, 2014, 6:45 am, 1226468

Today FIFA announced that the 2018 World Cup will be held in Russia, while the 2022 version will be held in Qatar, a country roughly the size of Connecticutt that has never qualified for the tournament and has essentially no existing sports infrastructure.

Qatar beat out the U.S. for the right ...


February 17, 2014, 6:45 am, 1226465

Two years ago, I dissed the hiring of Gene Chizik by Auburn.  I didn’t predict failure but highlighted how poorly his track record fit the hiring of a relatively premier job.

On the downside, and the very, very unusual aspect of this hire is Chizik’s performance as a head coach. ...