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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Why do financial (and other) crises (sometimes) cause a recession? Because they increase the demand for money and so cause an excess demand for the medium of exchange.
But why do financial crises increase the demand for money? Because the demand for money depends on the synchronisation of payments and receipts ...
Dumb question. The most recent genuine spam comment in the WCI spam filter is dated 17th February. The second most recent is dated 4th February, and the third is dated 28th January. There are 30 spam comments dated 28th January, and 62 dated 27th January. And roughly the same number ...
The Budget of the U.S. Government for the 2015 fiscal year was presented at the White House today and unlike Canada, we are not looking at a balanced budget by 2015. Indeed, the forecast is for a small decline in the deficit but the rest ...
In the tradition of the fur traders of the Northwest Company, the Federation of Canadian Municipalities is holding their board meeting â€śRendezvousâ€ť at the head of the Great Lakes in Thunder Bay from March 5th to 8th. It was difficult task trying to find an ...
Developments in Crimea have shifted international attention to Russia in a manner we have not seen since the end of the Cold War. Recent years have seen an American preoccupation with the rise of China rather than Russia as a world economic and military power but the ...
Simplify massively. Ignore investment, government spending and taxes, and exports and imports. All output is consumed.
Assume a Keynesian consumption function: Cd = a + bY. Draw Samuelson's "Keynesian Cross" diagram. Real consumption demand Cd on the vertical axis, and real output (real income) Y on the horizontal axis. Demand for ...
Keynes' "aggregate supply function" in chapter 3 of the General Theory is just the "classical" labour demand function plus the "classical" production function. Except for the weird presentation, there is nothing new there. It is old and boring. It is Keynes' "aggregate demand function" that is new and exciting.
Start with ...
Targetâ€™s retail invasion of Canada seems to have developed parallels to Napoleonâ€™s invasion of Russia â€“ it is fighting a losing battle in a cold winter. Targetâ€™s northern front lost 941 million dollars in 2013. A CBC news story reports that:
It's clickbait, New York Times style: "Does a More Equal Marriage Mean Less Sex?" Spurred by findings of a paper by Sabrino Kornrich, Julie Brines and Katarina Leupp published in the American Sociological Review, the article argues that, "too much similarity in egalitarian marriages leads to boredom and decreased ...
(I'm disagreeing with Roger Farmer on the interpretation of the 45 degree line. I say the 45 degree line is not a supply curve. This post explains what I think it is.)
Here's the Keynesian Cross diagram: