Economics Roundtable

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.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Rossputin (Ross Kaminsky)

"  Rational Thinking About Our World”

“Life, Liberty, and the Pursuit of Happiness”

November 24, 2015, 9:23 am, 1581298

One need not violate Godwin’s Law to recognize that there’s something deeply troubling about a leading presidential candidate having no objection to his supporters “roughing up” a vocal dissenter. But that was Donald Trump’s reaction after several attendees at a Saturday rally in Birmingham, Alabama “shoved, tackled, punched ...

November 10, 2015, 5:23 pm, 1574226

I asked a friend who hails from Michigan, "How would you feel if it became illegal for supermarkets to sell beer and wine?" He looked at me like I was crazy. Indeed, the question seems a ridiculous one. The idea that government would prevent me or you from ...

November 9, 2015, 9:23 am, 1573119

What a Friday that was: Ben Carson showed emotion when pushing back against a desperately dirt-digging media — dirt-digging against Republicans, that is; George Will remained equanimous in the face of a verbal assault from Fox News’s Bill O’Reilly; Barack Obama gave the coup de grâce to the Keystone XL ...

November 5, 2015, 11:23 am, 1570772

As a political columnist, it has meant a lot to me — certainly more than it has to them — to meet the three best and most important political writers in America today: George Will, Charles Krauthammer and, most recently, Wall Street Journal columnist Peggy Noonan.

In recent years, I’ve had ...

November 4, 2015, 11:23 am, 1569971

The latest example of President Obama’s defining character traits — supercilious narcissism blended with hyper-partisanship — came in a Monday night performance at DNC fundraising event in New York during which he skewered Republican presidential hopefuls who claim they will be stronger against Russian President Vladimir Putin than ...

November 2, 2015, 11:23 am, 1568354

My latest for the Denver Post:

Last month, Colorado HealthOP, the state's largest non-profit health insurer, was removed from Colorado's Obamacare exchange, Connect for Health Colorado, because massive ongoing losses have rendered it financially unstable. As of next year, the co-op's 83,000 members will have to find new health coverage, while ...

November 2, 2015, 11:23 am, 1568353

As almost anyone reading these words will know, I have the pleasure and privilege of hosting a Saturday morning radio show on what was, until yesterday, called NewsRadio 850 KOA.

What listeners have known for years as NewsRadio 850 KOA (and, if you're old enough KOA 85 AM), will now be ...

October 29, 2015, 1:23 pm, 1566325

October 28, 2015, 9:23 am, 1565367

Congressman Justin Amash (R-MI) . wanted to know how presumptive Speaker of the House Paul Ryan (R-WI) . “feels about the process” used to negotiate the budget deal reached late Monday by current Speaker John Boehner (R-OH) ., Senate ...

October 27, 2015, 5:23 pm, 1564872

I'll have more tomorrow on the "budget deal," likely Speaker of the House Paul Ryan's statement that the process used to reach that deal "stinks," and his promise that things won't work this way when he's in charge.

For today, I want to point you, and particularly conservatives who are skeptical ...