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 .
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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"Random thoughts on Politics and Economics”
The plunge in oil prices, if it proves persistent, could end up being the big economic story. Energy prices have fallen very sharply in the past three months. Brent oil prices have declined from around $110/bbl in July to $86/bbl as this goes to ...
Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, donâ€™t hold ...
For prices, CPI will be released on Wednesday.
----- Monday, October 20th -----
No releases scheduled.
----- Tuesday, October 21st -----
Here is the unofficial problem bank list for Oct 17, 2014.
Changes and comments from surferdude808:
Unexpectedly, there was a bank failure today. Expectedly, the OCC provided us an update on ...
From the FDIC: Howard Bank, Ellicott City, Maryland, Assumes All of the Deposits of NBRS Financial, Rising Sun, Maryland
As of June 30, 2014, NBRS Financial had approximately $188.2 million in total assets and $183.1 million in total deposits. ... ...
Mortgage giants Fannie Mae and Freddie Mac , their regulator and lenders are close to an agreement that could greatly expand mortgage credit while helping lenders protect themselves from charges ...
Click on graph for larger image.
The preliminary Reuters / University of Michigan consumer sentiment index for October was at 86.4, up from 84.6 in September.
Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,017,000. This is 6.3 percent above the revised August estimate of 957,000 and is 17.8 percent above the September 2013 rate of 863,000.
Single-family housing ...
Federal regulators may finally produce the long anticipated market standards for Qualified Residential Mortgages (QRM), perhaps even as early as next week. The new rules are designed to ensure the quality ...