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.”
The Eurozone saw a marginal upturn in growth of business activity in October, according to the flash PMI results. The headline ...
Looking for growth in Europe? You won't find it in France, but for now you can still find it in Germany (for now).
The Markit Flash France PMI shows French private sector output falls at sharpest rate in eight months.
La Vanguardia reports Late Payments by Ibex Companies Hits €47 Billion, 169 days (nearly 3 times the legal time limit). Ibex is the ...
A US airdrop of arms to besieged Kurds in Kobani appears to have missed its target and ended up in the hands of Islamic State (Isis) militants.
Video footage ...
Another "Shock Drop" in Markets
Saxo Bank CIO Steen Jakobsen says Another 'Shock Drop' is Coming and it's Coming Soon
Steen takes the view that central bank policy ...
In response to that pathetic performance, McDonald’s Vows Fresh Thinking.
McDonald’s Corp. outlined plans for what it called fundamental changes to its business as ...
The first five minutes are introductions and attendee notes you may wish to skip over. The opening speech was by Marc Seidner, CFA ...
The value of deals that fail to complete has reached its highest level since 2008, in the latest sign that the best year for mergers and acquisitions since the financial crisis will also ...
The previous month was up 4.9%, so I averaged the two months noting "The average result is a decline of 0.4% per month, for the last two months. That process also means ...
When the euro declined vs. the US dollar, the ECB was happy that inflation would inch back up. The fear now is that falling oil prices will take away the alleged ...