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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Former Chief of Staff for the congressional Joint Committee on Taxation (JCT), Edward Kleinbard, writing in the Wall Street Journal, argues that “tax inversions must be stopped now.”
Kleinbard may understand taxes but like so many on the left has a weak grasp on economics and ...
It’s too soon for champagne, but perhaps a beer is in order.
In a 2-1 decision in the case of Halbig v. Burwell, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Internal Revenue Service cannot interpret the Affordable Care ...
To all my readers and friends who are in or near Denver:
Please join me on Wednesday, July 30 at the Denver Press Club on July 30th at 6:00 where I will be guest bartending. The Denver Press Club is located at 1330 Glenarm Place, directly across the ...
Hundreds of Central American children held at an American Air Force base remind us of the humanitarian crisis at our southern border. Another thousand future illegal immigrants riding atop a Mexican "death train," anticipating their permisos en los Estados Unidos, remind us of the lawless policy that is causing this ...
In a Gallup poll released Tuesday, the percentage of Americans who say that immigration is the nation’s most important problem reached 17 percent, the highest level in eight years and the second-highest ever recorded by that polling organization.
It’s easy to scoff at the fickleness of the American ...
It’s beginning to sink in with the intelligentsia: The flood of illegal aliens (yes, I said “illegal”) and particularly the tsunami of children traveling alone — parents risking their youngsters’ lives by sending them from Central America through gang-ravaged Mexico — threatens to turn the immigration debate into ...
The bodies of three young men, assumed to be the two Israeli and one Israeli-American yeshiva (religious high school) students kidnapped on June 12th, have been found "under a pile of rocks in an open field" between two towns in the West Bank, according to NY Times reporting. ...
For my thoughts on Colorado's Republican primary election for governor, as well as on the Oklahoma Senate primary and the Mississippi Senate runoff, please see my article for the American Spectator here:
Does anyone else thing these stories might be related?Phil Mickelson: High Taxes Discourage Me from Working Harder Investor, Bettor, Golfer: Insider Trading Inquiry Includes Mickelson... And today's news: Golfer Mickelson’s Role Said to Be Overstated in Insider Inquiry
Here's how it sounds to me: Famous rich athlete ...
In his Republican primary race on Tuesday evening, House Majority Leader Eric Cantor (R-VA) was a bigger favorite than California Chrome. (Last week, Cantor’s campaign claimed a more than 2-to-1 polling lead.) But in both cases we’re reminded “that’s why they run the race.”
The most common reaction after ...