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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Rossputin (Ross Kaminsky)
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In his appearance last Monday on The Colbert Report, President Obama restated his approach to the Keystone XL pipeline decision, a mindset that can only be described as confused.
The president summarized his strange dilemma as follows: “[Keystone] could create a couple of thousand potential jobs in the ...
I, like anybody who appreciates personal and economic liberty and rational policy, oppose ObamaCare. That does not mean, however, that it does not have any beneficial impact or, along with its many ill-conceived taxes and bureaucracies and nanny state regulations (such as the impending annoyance of having to see
What do the recent University of Virginia gang-rape charges made in Rolling Stone magazine, rape implications against an Oberlin College “campus conservative” by talented-but-annoying darling-of-the-left Lena Dunham, and the unending “Hands up, don’t shoot!” and “die-in” pantomimes of murder-by-racist-cop regarding the death of Michael Brown in ...
With a note to readers saying that their trust in the accuser was "misplaced" and that there now seem to be "discrepancies in her account," Rolling Stone magazine has retracted a dramatic "investigative" article claiming that a young woman nicknamed Jackie was gang-raped at a University ...
Due to a proliferation of spam registrations from China, I am disabling the ability for new folks to register on Rossputin.com but anyone who is already registered can still comment.
I object to the term “crony capitalism” because it gives a misleading and negative perception of the most beneficial — and moral — economic system ever experienced by man.
I object to New York Times columnist David Brooks for the same reason.
Few things are more harmful to a rational debate over ...
While I’ve never been a customer of Uber or, more specifically, of one of their drivers, I’m a big fan of any company that uses technology to allow more efficient and profitable use of individuals’ private assets (in this case, their cars) to benefit consumers (who can’t find a ...
Sadly, someone I care deeply about was recently diagnosed with a very aggressive cancer — one that is difficult to survive. The problem with this cancer is that it is rarely found until it reaches what oncologists call Stage III or Stage IV, meaning that treatment options ...
Andrew Romano, a California-based writer for Yahoo News, spilled a lot of ink in recent weeks explaining why Latinos were not ditching the Democrats in this election (they moved toward the GOP by six percent overall, and more in some tight key races), why Mark Udall might ...
Two large cross-currents in American political opinion will be the driving forces in today’s elections: A general dissatisfaction with government and politicians and a specific dissatisfaction with President Barack Obama.
These trends reinforce each other where a Republican candidate is challenging a Democratic incumbent but work against each other where the ...