Economics Roundtable

Database Maintenance 7/4/15

Routine database maintenance will induce some duplicated items for the next day or two.


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.


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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Rossputin (Ross Kaminsky)

"Rossputin.com:  Rational Thinking About Our World”

“Life, Liberty, and the Pursuit of Happiness”


July 31, 2015, 11:23 am, 1519440

Barack Obama is the most “Progressive” of recent, and perhaps of all, American presidents. Indeed he is the only recent Democratic president rightly characterized as “Progressive” rather than just liberal.

But with massive increases in government debt and food stamp use, declines in labor force participation, the impending insolvency ...


July 21, 2015, 9:23 am, 1512749

Pundits of the left and the right have spilled much digital ink on Donald Trump in recent weeks, increasing in recent days with his unconscionable comments about John McCain. (McCain is not my favorite politician but a fighter pilot who refuses early release from the Hanoi Hilton ...


July 2, 2015, 11:24 am, 1500683

On Tuesday, California Governor Jerry Brown signed a law that makes California the third state to eliminate “personal belief” exemptions from vaccine requirements for children to attend schools, either public or private.

Starting with the 2016 school year (and with one important exception noted ...


June 29, 2015, 11:24 am, 1498644

To my readers, acquaintances and friends who are involved with Colorado Republican politics, whether as participants or spectators:

The last couple of weeks have seen the Colorado Republican Party organize the most remarkable circular firing squad I’ve ever seen, even for an organization famous for them. I haven’t been a Republican ...


June 23, 2015, 11:24 pm, 1495966

I will be posting a major update to this story shortly.

Link to Original post at Rossputin.com.


June 23, 2015, 1:24 pm, 1495707

As the leader of perhaps the single largest institution in the world — the Roman Catholic Church — the pope potentially influences at least the Church’s 1.2 billion members, and perhaps millions of others around the globe. His sway makes it critical that when pontificating on matters beyond religion — ...


June 13, 2015, 1:23 am, 1490464

Boulder, Colo.

Any Coloradan who receives a traffic ticket from a speed or red-light camera in the next year ought to know exactly who to blame: Democratic Gov. John Hickenlooper.

Ten cities in Colorado, including Denver, issue about $14 million in tickets annually using such photo-radar systems, which are about as popular ...


June 10, 2015, 11:24 am, 1489035

There are few candidates in recent memory for whom the maxim “the issue is not the issue” applies more than it does to the Duck ’n’ Hide presidential wannabe, Hillary Clinton.

Her current strategy is sensible for someone so surrounded by the stench of corruption, cronyism, and incompetence. (Is it not ...


June 5, 2015, 11:24 am, 1486659

With the drip, drip, drip of the many conflicts of interest which enrich the Clinton family and bedevil Hillary Clinton’s presidential campaign, one refrain remains constant among the liberal punditry: “These stories are not hurting Hillary’s support among Democrats.”

Even if the claim were true — which appears increasingly dubious — ...


May 28, 2015, 11:24 am, 1481956

Nebraska State Senator Colby Coash (R-Lincoln), a conservative Republican (although Nebraska’s unicameral legislature is nominally non-partisan), tells an interesting story about his evolution on the death penalty:

Many years ago, just before an execution in Nebraska and before he got involved in politics, he went to the ...