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.


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 .


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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)

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November 27, 2014, 1:23 am, 1378667

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 ...


November 20, 2014, 11:23 am, 1375048

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 ...


November 12, 2014, 11:23 am, 1369843

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 ...


November 4, 2014, 11:23 am, 1363988

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 ...


October 29, 2014, 11:23 am, 1359885

Democrats and liberal organizations have put out a lot of hyperbolic, hyperventilating ads this year...almost all related to birth control, since they don't actually have a positive agenda to run on. This matches my predictions of several months ago...{patting self on back}.

One of the problems with what George ...


October 28, 2014, 1:23 pm, 1359154

Hillary Clinton’s Friday warning to a Boston audience, “Don’t let anybody tell you that it’s corporations and business that create jobs,” felt like a “jump the shark” moment even within a Democratic Party that has adopted a similarly ignorant and harmful anti-capitalist mantra.

The most well-known recent Democratic dismissal of ...


October 20, 2014, 11:23 am, 1354103

Perhaps it’s not surprising coming from our first Community Organizer president that the trait the administration claims is most needed in an “Ebola czar” — not that it’s been shown that such a position needs to be created in the first place — is, as Dr. Anthony Fauci of the ...


October 18, 2014, 3:23 pm, 1353492

October 15, 2014, 1:24 pm, 1351690

Here in Colorado, a funny thing happened on the way to the ballot box: The reliably liberal Denver Post endorsed Republican Congressman and U.S. Senate candidate Cory Gardner over incumbent Democratic Senator Mark Udall.

Why did this happen? Because Mark Udall’s campaign has been — as I predicted three ...


October 9, 2014, 1:24 pm, 1348631

When you pick up Jason Mattera’s eye-opening new book Crapitalism and Daniel Hannan’s masterful Inventing Freedom, you wouldn’t expect such different works to lead you to the same destination. But despite the former being about “Liberals who make millions swiping your tax dollars” and the latter being ...