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.


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.

The Classic Economic Models cover micro, macro, and financial markets.

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Angry Bear

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

October 31, 2014, 2:04 pm, 1361724
Given the exceedingly favorable atmosphere for Republicans this fall, McConnell’s direction on Obamacare has been closely watched as he both battles for reelection against Democrat Alison Lundergan Grimes and as the GOP prepares for Senate control for the first time since 2006. McConnell’s office said there are multiple avenues that ...

October 31, 2014, 10:04 am, 1361562
Republicans remain almost united in their utter rejection of the communist doctrines of one Simon Peter fisherman and trouble maker. Elizabeth Stoker Bruenig explains in Salon I comment I don’t want to exaggerate. It is certainly not true that Kasich’s proposed policy is from “each according to his ability” and ...

October 31, 2014, 8:04 am, 1361488

October 31, 2014, 8:04 am, 1361487
The opponents of Obama-care just will not give up. Just because all of their claims of disaster over the last few years have been proven wrong they continue to repeat every claims that they think does not make them look foolish. The latest example is John R. Graham of the ...

October 29, 2014, 10:04 pm, 1360294
This article was originally published in the Columbia FDI Perspectives series of the Columbia Center for Sustainable Investment, #131, September 29. I have left it largely unchanged, except for adding a link and a comment, and correcting a grammatical error. As I discussed in an earlier Perspective,[1] the use ...

October 29, 2014, 8:04 pm, 1360227
You’d think that, by now, people would understand that, once it is on the web, there is no point locking the barn door after the cat has gotten out of the bag. This is today’s hot meme The Cleveland Plain Dealer filmed (and posted) a joint interview with current (and ...

October 29, 2014, 12:04 pm, 1359889
Click on the Post Boehner is talking about a man who put the minimum amount of time in at his National Guard air base of duty, failed to qualify as a pilot in 1972, and was subsequently grounded. Guess flying missions in Vietnam was out of the question? But according ...

October 29, 2014, 12:04 pm, 1359888

October 28, 2014, 8:04 pm, 1359378
They’re spending it on lawyers! I’m not kidding.  Brown told a 27-year-old Fidelity Investments retirement specialist that big corporations can’t afford to hire people because they’re spending so much money on lawyers.  Which they have to do because of all those regulations.  Which is why he wants to “loosen regulations ...

October 28, 2014, 2:04 pm, 1359158
Work hard. Save your money. Spend less than you earn. That’s how you become wealthy, right? That’s not totally wrong, but if you think that’s the whole story — or even a large part of the story – you may be surprised by this graph: (Note: these are not realized capital gains, which ...