January 2014 Payroll Employment
We are getting closer to the previous peak.
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.”
Please consider Glenn Greenwald Reacts To Pulitzer Prize
Glenn Greenwald told CNN's Brian Stelter on Sunday that receiving ...
Via translation from El Economista, please consider Economy Minister Says Deflation Has "Positive Impact".
James Daniel, Spain's mission advisor to the IMF, said that inflation close to zero in the country increases the burden ...
Illinois passed massive "temporary" tax hikes to fix the pension problem, but it did not make a dent in it. Now, Illinois politicians want still more tax hikes.
$100 Million for Barack Obama Library ...
Economist: Mr Putin has used the Ukrainian crisis to establish some dangerous precedents. He has claimed a duty to intervene to ...
Lots of Questions
This accord raises more questions than answers.
Did anyone consult the separatists?Who is going to enforce the agreement?Is there ...
Treasuries fell, pushing 10-year note yields up the most in a month, as talks on the crisis in Ukraine ended with an accord aimed at de-escalating the conflict, damping haven demand.
Russian President Vladimir Putin has warned of his readiness to deploy troops in eastern Ukraine if diplomatic efforts fail to resolve the escalating crisis there.
The threat came ...
Should it come to that ending, it would be the third Ukrainian coup in a matter of months (counting the ouster of former president Viktor Yanukovych followed by the coup in Crimea).
Talk of ...
General government debt accumulated through February was 987.945 billion euros, an amount that represents 96.5% of gross domestic product (GDP). This represents a new record in the amount of money ...
The Financial Times reports Pro-Russia forces intensify defiance in eastern Ukraine
The escalating tension, a day after Kiev launched ...