Economics Roundtable
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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.
EconModel
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Freakonomics
"A rogue economist explores the hidden side of everything”
Steven D. Levitt (John Bates Clark Medal winner) and Stephen J. Dubner (New York Times Magazine)
We recently solicited your questions about street gangs for Sudhir Venkatesh, the then-grad student we wrote about in Freakonomics who is now a professor of sociology at Columbia. His answers are, IMHO, fascinating. Your questions were really good, too; thanks. Venkatesh will publish a book, Gang Leader for ...
On August 7, 1987, Lynne Cox swam the Bering Strait; no word on whether she was then asked to submit a urine test.
If all goes as planned, I will be appearing on Good Morning America tomorrow (Wed., 8/8 — lucky in China!) at about 8:30 a.m. EDT to talk about this very blog, and to announce a fairly significant change.
Hope to see you there.
As one result of this change, comments on ...
The 2005 Hurricane season was the most active and destructive in recorded history. The devastation from hurricanes like Katrina, Rita, and Wilma was powerful evidence that man-made global warming had triggered an onslaught of unforeseen consequences — at least, ...
For the next several hours, while this blog undergoes some rehabilitation — no, not that kind of rehabilitation; we are fine, thanks — comments will be shut down. If all goes well, this condition won’t last past nightfall (in New York).
We got an e-mail the other day from a certain Sara in Chicago. She had a question about the virtual world Second Life, but it could be asked of many pursuits, virtual and otherwise. (Even though I’ve never visited Second Life, I have been thinking about this issue lately ...