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.


Jobs

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 .


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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.


EconModel

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Sybil’s Star (Katy Delay)

"Proving that economics and sense of humor are not mutually exclusive”


July 5, 2015, 1:33 am, 1503423

Anyone who has ...


July 5, 2015, 1:33 am, 1503424
I am convinced that our Federal Reserve Bank's current monetary policy is hurting our economy in a number of ways. One of these is its effect on the business sector.

I have no proof, being the gadfly that I am; but I have an argument. I have laid out ...


July 5, 2015, 1:33 am, 1503425
Just when you thought your money was safely insured by the FDIC, here is an article that might cause the hairs to stand up on the back of your neck.


[Image thanks to blogs.babble.com]

This ...


July 5, 2015, 1:33 am, 1503422

I was reeling with annoyance after reading this presidential statement about the dual mandate of the Federal Reserve:

"The challenge is not inflation, the challenge is we've still got too many people out of work." (Read more here.)


July 5, 2015, 1:33 am, 1503421
There are a couple of e-mail circulars that I read regularly, or almost regularly. The top of my list is John Mauldin, author of The End Game (excellent book, a must-read).

Number Two is Casey Research.

Today's scripture from Casey will permit me to be lazy ...


July 5, 2015, 1:33 am, 1503418
My weekly reading always includes John Mauldin's "Outside the Box." (You can also subscribe for free here, at the top/right of the page.) This week inhis latest post,he gives us some recent thoughts fromGeorge Gilderon economics.


July 5, 2015, 1:33 am, 1503417

Alan Greenspan is embarrassing himself again (or if not, he should be):

"[Easy money] had absolutely nothing to do with the housing bubble," he says. "That's ridiculous."


[One of my cartoons from April of ...


July 5, 2015, 1:33 am, 1503419
Economics is very closely related to public policy. Freedom, as protected by our Constitution, is an essential ingredient of our high standard of living in America, and it is a sine qua non of all scientific research.


July 5, 2015, 1:33 am, 1503420
I'm living in France at the moment, so what happens here is particularly interesting to me. The ambiance is a mix of anxiety about the future and cautious hope that things can't be as bad as they seem.


July 5, 2015, 1:33 am, 1503401
If you'd like to read a Gadfly's opinion about holding gold-related investments, please readthis article at Seeking Alpha. Thanks.

Gadfly
[Image from ...