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.
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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Mish’s Global Econ. Trend Analysis
"Thoughts on the great inflation/deflation/stagflation debate as well as discussions on commodities, currencies, interest rates, and policy decisions that affect the global markets.”
I highly suspect this is nothing more than a purposely calculated publicity stunt, but please consider California Has a Plan to ...
Restaurants in California are not supposed to serve water unless asked. Will that make much of a difference?
The answer is no, but what about car washing, sprinklers, etc.?
To pressure citizens to not waste water, California Launches "Drought Shaming" Website.
More national spotlights are on unwarranted police brutality this week. Let's start with a statement made by a Cincinnati prosecutor who charged a police officer with murder.
Prosecutor Joseph T. Deters became a national hero by stating 'When ...
On July 1, Spain enacted a "gag" law that provides for showing "disrespect to police.
Among the many new repressive stipulations is a â‚¬30,000-â‚¬600,000 fine for "unauthorized protests," which can be combined for maximum effect with a â‚¬600-â‚¬300,000 fine for "disrupting public events."
People cannot draw on their Greek bank accounts to buy shares People can only buy shares with existing brokerage account cash
I supposed people could transfer cash from elsewhere into stocks ...
Chicago Mayor Rahm Emanuel has his eyes on raising money via Capital Appreciation Bonds.
CABs saddle taxpayers with higher costs because they delay interest and principle payments until a final lump-sum payment at the end.
CABs have fallen ...
The IMF staff told the board of directors Greece Disqualified from New IMF Program.
Yet, Germany insists IMF be a part of the program. The reason for the latter is Germany ...
In the wake of the near-Grexit, France and Italy seek more powers for the European Commission (EC).
And both countries want another parliament with more power. Their unstated goal is to create a United States of Europe where socialists would outvote the Germans.
2.3% was at the low end of the Consensus Range of 1.9% to 3.5%. On the plus side, first quarter was revised way higher.
First quarter 2015 revised up from -0.2% to ...
Spain's officially a police state now. On July 1st, its much-protested "gag" law went into effect, instantly making criminals of those protesting the new ...