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.”

July 28, 2014, 3:33 am, 1306269
On July 23 the BBC deleted a video report from correspondent Olga Ivishina regarding the crash of MH17. This has caused quite a stir in the blogosphere because the deleted video contained eyewitness reports of military aircraft flying on the same day, shadowing Mh17.

Here is the deleted video ...

July 27, 2014, 7:33 pm, 1306219
There are lots of conflicting, even contradictory news reports regarding Ukraine in the past couple of days. Let;s stake a look at a few of them starting with the Bloomberg report Ukraine Army Advances as EU Plans Tougher Putin Sanctions.

Ukraine’s army advanced on a last main ...

July 27, 2014, 5:33 pm, 1306207
Want to review a French restaurant? Only good reviews are allowed in France.

Caroline Doudet a blogger who runs the site “Cultur'elle,” found that out when she wrote a restaurant review that the French court said "ranked too high in a Google search" (as if any writer can know ...

July 26, 2014, 11:33 pm, 1306014
This is a guest post courtesy of Richard Berman at the Capital Research Center, under the title A Bad Day for Bad Teachers.

Summary: In 1954, the U.S. Supreme Court issued the landmark decision Brown v. Board of Education, which struck down ...

July 26, 2014, 5:33 pm, 1306003
Despite the widely touted success of Abenomics, a few charts will prove success is all hype and no reality. Let's start with a chart of the Yen.

$XJY Yen Monthly

click on any chart for ...

July 26, 2014, 5:33 am, 1305895
Here's the question, not of the day, but of the month: Who's Winning the War in Ukraine?

That may sound like a simple question, but it isn't.

That question leads to a second question "In whose eyes?" It also depends on the definition of "war". And it ...

July 25, 2014, 9:33 pm, 1305833
An image from the Security Service of Ukraine ("SBU") that purportedly showed a Buk heading back to Russia at nighttime, has now been removed from the cite.

I made a screenshot of the image and posted it in Ukraine Caught in Third Major Lie? Magic Number 312. ...

July 25, 2014, 3:33 pm, 1305674
The grim economic news from France keeps piling up. Today, Europe Online reports Number of Unemployed in France Hits New High.

The number of unemployed people in France has hit a new high as the country grapples with the fallout of the financial crisis and a sluggish ...

July 25, 2014, 3:33 am, 1305295
Corporate Deserters

President Obama was beating the drums on Thursday in Los Angeles regarding corporate tax deserters, companies that move headquarters or tax shields to another country in order to escape high US tax rates.

The LA Times provides the details in President Obama Hits ...

July 24, 2014, 9:33 pm, 1305135
It Fits

Reader Eric comments "It is amazing what internet, twitter, etc. has done for the pursuit of truth. Here is an individual who shows where the piece fits on the plane."

From @ErzaBraam

The Piece