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.


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 .

Click on the image to get a bigger version.

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.


The Economics Roundtable is sponsored by EconModel.

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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.”

October 30, 2014, 11:33 pm, 1361230
On June 7, 2014 I wrote Looking to Drastically Reduce College Costs? Study Abroad!

Yesterday, a writer for the Washington Post expressed the same opinion.

Please consider 7 countries where Americans can study at universities, in English, for free (or almost free).

Since 1985, ...

October 30, 2014, 3:33 pm, 1360953
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October 30, 2014, 1:33 pm, 1360854
Last Week the Huffington Post reported Sells For More Than $200,000 -- Including 19,000 Shares Of Cannabis Sativa Stock.

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October 29, 2014, 5:33 pm, 1360143
Goodbye Retail Associates, Hello Robots

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October 29, 2014, 3:33 pm, 1360072
Sanctions or not, NASA uses Russian-made engines to propel rockets.

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Today, the Guardian reports that Russian rocket manufacturer insists ...

October 29, 2014, 3:33 pm, 1360071
Inquiring minds may wish to slog through today's FOMC Press Release on Monetary Policy but it's really not worth the time it takes to read it.

Here are a few details, generally expected
The Committee judges that there has been a substantial improvement in the outlook for ...

October 29, 2014, 5:33 am, 1359664
Spiegel Online interviews Fred Westerbeke, the Dutch lead investigator of flight MH17 crash.

Westerbeke states that a surface-to-air missile is the most likely scenario, but he also discusses "secret satellite images and a possible involvement of the Ukrainian military."

Here are edited interview snips from

October 28, 2014, 5:33 pm, 1359305
Inquiring minds are digging into the Census Bureau Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for September 2014 for hints at 4th quarter GDP.

The headline data shows new orders for manufactured durable goods in September decreased $3.2 billion or 1.3 percent. This follows ...

October 28, 2014, 3:33 pm, 1359233
In a speech on BRICs at the Peterson International Institute of Economics former PIMCO co-head El-Erian made the claim Europe Is One or Two Rounds of Sanctions From Recession.

The West, and Europe in particular, is one or two rounds of sanctions and counter-sanctions away from entering ...

October 28, 2014, 5:33 am, 1358816
Here's an interesting article thanks to Jed Kolko, Chief Economist at Trulia Trends via Washington Post Wonkblog: The most expensive housing markets in the U.S. are also the most liberal.

The relationship between housing affordability and politics in the US is startlingly strong as these charts by ...