Technical Problems 3/9/15
The website was down several hours today, but is back up now.
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.”
As soon as Illinois passes Bill 298, a number of Illinois cities are highly likely to file bankruptcy as ...
Looking for signs of strength? You will not find them in today's Chicago PMI report.
The Bloomberg Consensus estimate was for a 53.1 expansion reading. Instead, the PMI came in at 46.2, well below the bottom of the consensus range of 51.0 ...
First-quarter GDP was revised down about as expected, to minus 0.7 percent vs expectations for minus 0.8 and compared with an initial reading of plus 0.2 percent. Updated source data ...
China Daily reports Manufacturing Hub Starts Work on First Zero-Labor Factory.
A manufacturing hub in South China's Guangdong province has begun constructing the city's first zero-labor factory, a signal that the ...
The following two charts produced with data from EuroCrisis Monitor.
Greece Target2 Imbalance ...
Warning: graphic language.
Link if video does not play:
At that time S&P rated Chicago five notches higher, the widest spread between bond raters in history.
Kristi Culpepper, AKA "Bond Girl" comments on the event in What Chicago’s Fiscal Emergency says about ...
I commented on that just a bit ago in Greece Says Creditor Agreement Deal Close, Senior Eurozone Official Says "I Wish it Were True".
There is ...
Tickets are completely sold out, but you can watch the livestream at 12:45 p.m. ...
Greece Says has Begun Drawing Up Agreement with Creditors
Here is Reuters headline number one: Greece Says has Begun Drawing Up Agreement with Creditors