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.


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Angry Bear

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


November 25, 2014, 2:04 pm, 1377727
Well, it is about time for a higher authority to push strongly for higher wages. The Wall Street Journal has an article about the Bank of Japan’s Governor, Haruhiko Kuroda. Basically, companies need to use their increased profits and reserves to raise labor’s pay. If companies do not raise labor’s ...


November 25, 2014, 6:04 am, 1377429


November 25, 2014, 12:04 am, 1377242
There is definitely a meme in the progressive blogosphere that conservatives and liberals think differently. People try to be polite, but I don’t think I’m the only person who perceives it to be really about the hypothesis that conservatives are not capable of rational thought. One way of putting this ...


November 24, 2014, 10:04 pm, 1377225
I have comments on Brad DeLong’s question asked of Richard Koo. Re: Brad Delong http://delong.typepad.com/sdj/2014/11/a-question-i
-want-to-ask-richard-koo-daily-focus.html which is Re: Richard Koo http://www.oenb.at/dms/oenb/Publikationen/Volkswir
tschaft/CEEI/2014/koo_ppp/Koo_PPP. “I am not sure that I can ask this question coherently.” I think the question is plenty coherent. The post-script does a better job of capturing not your personal ...


November 24, 2014, 10:04 pm, 1377224
You really do want to read this post by Matt Yglesias It is too good to excerpt, especially because the best part is the screen capture. There are many things one could say about this comparison, starting with the fact that unlike a proper caudillo such as Augusto Pinochet, Obama ...


November 23, 2014, 10:04 pm, 1376606
Guest Post by Mark Jamison, retired Postmaster. News of Ron Johnson the Tea Party favorite from Wisconsin taking over as chair of the Senate committee on Homeland Security & Governmental Affairs has caused an overwhelming sense of panic among progressives and postal workers. Johnson will control oversight of the Postal ...


November 23, 2014, 2:04 pm, 1376523
Crooks and Liars has a post up on it’s site here: Wingnut Cartoonist At Indy Star Gets His (Gary Varvel) Cartoon Yanked Claiming the cartoon was overtly racist, the Indianapolis Star eventually yanked it after initially removing the mustache off of the man coming through the window claiming the mustache ...


November 23, 2014, 10:04 am, 1376473
- by New Deal democrat     (from Bonddad blog) Failure to deflate: flat consumer prices only slightly help real wages, sales Usually changes in the inflation rate are all about the price of gasoline.  Not in October.  Although gas prices fell -6.4% (compared with a decline of -5.0% a year ...


November 22, 2014, 10:04 am, 1376211


November 22, 2014, 10:04 am, 1376210
Dan here…Sometimes I don’t know the questions to ask.  Here is a note on water…. by David Zetland  (from Aguanomics) Does fixing a mistake make it worse? EC writes from Florida: One of the big questions staring me in the face is… as we reach the limits of sustainable use ...