Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, 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.


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 .


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.


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Angry Bear

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


May 24, 2015, 10:04 am, 1479746
It has been a while since I had last talked to Alan. I knew at the time he was at issue with a stance the Center for American Progress was taking on Student Loans which surprising are supported by some of our more popular consumer advocates. Kind of makes sense ...


May 22, 2015, 10:04 pm, 1479395
Fed Chair Janet Yellen said, among other things, For this reason, if the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary ...


May 22, 2015, 6:04 pm, 1479350
Questioned by a voter inside a sports bar about whether there is “space” between himself and his older brother on any issues, Bush offered a clear critique. “Are there differences? Yeah, I mean, sure,” Bush said. “I think that in Washington during my brother’s time, Republicans spent too much money. ...


May 22, 2015, 10:04 am, 1479030


May 21, 2015, 4:04 pm, 1478607
This post of mine yesterday deals mostly with Clinton’s annoying “When women are [fill in the blank], families are [same word; slightly different meaning] slogans.  But toward the end, it also discusses Clinton’s annoying references to people’s “God-given potential.”  References to people’s potential, without injecting religion (at least without some ...


May 20, 2015, 4:04 pm, 1477843
When women are strong, families are strong. – Hillary Clinton, repeatedly When women are healthy, families are healthy. – Hillary Clinton, a few days ago Good news.  At least according to National Journal journalist Molly Mirhashem and h/t’d by Anna North of the New York Times, the Clinton campaign is ...


May 19, 2015, 2:04 am, 1476762
Over the last week the various talking heads have come to a consensus on two points about Iraq. One, given what we know now OF COURSE it was a mistake to go to war on Iraq. And two, why on Earth weren’t Jeb and Marco prepared to answer this obvious ...


May 19, 2015, 12:04 am, 1476720
“People often talk about the electorate moving left,” said Clinton senior policy adviser Jake Sullivan. “I think it’s more that the electorate is just getting more practical. For Hillary Clinton, that matches her evidence-based approach. The arguments that persuade her are evidence-based and progressive.” He cited the growing consensus that ...


May 19, 2015, 12:04 am, 1476719
“People often talk about the electorate moving left,” said Clinton senior policy adviser Jake Sullivan. “I think it’s more that the electorate is just getting more practical. For Hillary Clinton, that matches her evidence-based approach. The arguments that persuade her are evidence-based and progressive.” He cited the growing consensus that ...


May 18, 2015, 8:04 pm, 1476649
Hmmm. “People often talk about the electorate moving left,” said Clinton senior policy adviser Jake Sullivan. “I think it’s more that the electorate is just getting more practical. For Hillary Clinton, that matches her evidence-based approach. The arguments that persuade her are evidence-based and progressive.” He cited the growing consensus ...