Economics Roundtable

Technical Problems 1/21/15

The website was down for a day and a half, but is back up now.

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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Angry Bear

"Slightly left of center comments on news, politics, and economics from an economist.”

March 3, 2015, 6:04 pm, 1432820

March 3, 2015, 6:04 pm, 1432819
Former Missouri Sen. John Danforth sharply criticized the state’s current political discourse during his eulogy for state auditor and Republican gubernatorial candidate Tom Schweich on Tuesday. “Words do hurt. Words can kill. That has been proven right here in our home state,” the Republican told an audience packed with the state’s top ...

March 3, 2015, 8:04 am, 1432413

March 3, 2015, 12:04 am, 1432151
I have known for the last five weeks—since January 27, to be exact—that the Supreme Court will uphold the Administration’s interpretation of the federal-subsidies provisions in the ACA when it issues its decision in the infamous King v. Burwell case whose argument date at the Court is Wednesday.  I also ...

March 2, 2015, 10:04 pm, 1432090
An American citizen exercising his Constitutional (or for some God-Given) Right to Bear Arms was shot down on sight by Police in Cleveland. The Police defense was “We were in fear for our lives”. But as the good folks at Open Carry Tarrant County and many other 2nd Amendment defenders ...

March 2, 2015, 6:04 am, 1431528
February 23 Al Jazeera and The Guardian reported leaked memos from Israel’s Mossad intelligence agency to the South African intelligence agency. The memos contradicted claims of fact that Prime Minister Benjamin Netanyahu had recently made in his UN Speech (the one with the illustration of cartoon bomb with a burning ...

March 1, 2015, 10:04 pm, 1431374
I lived in Mad City for 12 years, a place I had wished I could of lived as a child. Instead, I was able to raise my children there. Flying back to Madison after a consulting gig and seeing lakes Mendota, Monona, Wingra, the Capital on the Isthmus between Mendota ...

March 1, 2015, 6:04 pm, 1431349
PALM BEACH, Fla. — Two days after provocatively suggesting that standing up to organized labor in Wisconsin has prepared him to fight terrorists overseas as president, Scott Walker told a crowd of conservative donors on Saturday that “the most significant foreign policy decision” of his lifetime was when Ronald Reagan ...

March 1, 2015, 10:04 am, 1431273
Guest post:  by Nathan Salminen (Politics that work) Comparing performance between Republican and Democratic years The performance gap we see at the state level could still theoretically be the result of factors other than policy. It could be that the red states have simply drawn the short straws and happen ...

February 28, 2015, 8:04 am, 1430929
by New Deal democrat (Bondaddblog) How wages in services vs. goods-producing jobs explain relative GDP growth during Recoveries (Hint: producing goods is better) This week I will put up several posts discussing the relative impact of goods-producing vs. service jobs in the economy, prompted by an article by Kevin L. ...