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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Rossputin (Ross Kaminsky)
"Rossputin.com: Rational Thinking About Our World”
“Life, Liberty, and the Pursuit of Happiness”
The political world is all atwitter following Donald Trump’s statement last Thursday in Charlotte, North Carolina that, “believe it or not,” he regrets having said “the wrong thing” in the past, “particularly where it may have caused personal pain,” a list which might include Heidi Cruz, Megyn Kelly, ...
As I watch FBI Director James Comey respond to members of the House Oversight and Government Reform Committee, even as I attempt to correct for my fear and loathing of Hillary Rodham Clinton, the “nothing to see here” approach of the Democratic members of the committee is shocking. Or ...
Over Independence Day weekend, my 8-year-old son and I visited my sister’s lake house in eastern Tennessee. Among their toys is a Sea-Doo, a fancy version of what we used to call a jet ski, and truly one of the most thrilling rides you’ll ever have. Jasper and I went ...
Fifty seconds. A little more than one second per dead body. That’s what President Barack Obama spent opening his Tuesday morning press conference from Havana, Cuba, reacting to the death of at least 30 human beings and injuries to at least 230 more in two coordinated terrorist attacks in Brussels.
Donald Trump and his fellow liberals Hillary Clinton and Bernie Sanders are lambasting free trade as the scourge of the American working man. How odd it is that an economic activity so beneficial to almost every American, indeed to the vast majority of the human race, suffers such attacks with ...
If the average of recent polls showing Donald Trump losing to Hillary Clinton by more than 11 percentage points is correct, you’d have to go back to Ulysses Grant’s 1872 thumping of Horace Greeley to find such a landslide.
Even recent elections that we think of as utter domination ...
Shortly after Tuesday night's Indiana political earthquake which left Donald Trump as the near-certain Republican presidential nominee, Trump thanked Ted Cruz for dropping out of the race because "we want to bring unity to the Republican Party."
Twelve hours later, I received a call to my radio show from a man ...
For one primary reason, Mitt Romney was, in the 2012 presidential election, the worst possible choice out of the several most credible Republican hopefuls to challenge President Barack Obama’s re-election: Obamacare should have been the defining issue of that campaign but Romney was singularly unable to prosecute the case against ...
“Fury as Colorado has no primary or caucus!” shrieked a scandalized
On Tuesday, in an unsuccessful last ditch effort to revive his flagging hopes in the Wisconsin primary election, Donald Trump posted to his website a plan to “compel Mexico to pay for the wall.”
The heart of the plan is to threaten to amend federal regulations so that the Department ...