Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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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Angry Bear

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


June 27, 2016, 6:04 am, 1648706
Watching the videos of Anwar Shaikh, He presented an idea relating inflation to the net profit rate. Net profit rate = Corporate profit rate – effective Fed rate His view is that inflation will occur when the profit rate is squeezed by the base Fed rate. When net profit rate ...


June 26, 2016, 4:04 pm, 1648617
Recently I found the work of Anwar Shaikh. His views on economics are the most insightful and thorough I have ever seen.  He is questioning and re-formulating economic theories through history. He is arriving at conclusions that are more realistic and integrative. He should lead the way to how economics ...


June 26, 2016, 8:04 am, 1648547
From Ecowatch: On June 24, foreign oil company TransCanada filed a lawsuit against the U.S. under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding ...


June 25, 2016, 2:04 pm, 1648447
… all the fuss about Brexit is about, given that now more people will visit Turnberry, Scotland to golf. Or maybe not. Although that push to repeal Dodd-Frank may save things!


June 24, 2016, 4:04 pm, 1648313
“If, as a result of Brexit, the economy crashes it will not vindicate the economists, it will simply illustrate once more their failure.” – Ann Pettifor You can see immigrants. You can’t see NAIRU or flexible labor market policies. Most people wouldn’t know a NAIRU from a Nehru jacket and have ...


June 24, 2016, 10:04 am, 1648173


June 24, 2016, 10:04 am, 1648172
After almost 8 years the Party of NO and me too, the Republican Party through Mr. Paul Ryan has announced its sketchy version of a national healthcare plan. There is nothing unusual (maybe I should not say this, as distortion and out-right telling lies is unusual) or earth shattering being ...


June 23, 2016, 4:04 pm, 1647966
I was about to write a post about a Supreme Court opinion issued today, but made the mistake of checking my emails first–and saw this: Wayne Pacelle, Humane Society of the United States  Today at 2:08 PM To Beverly Mann Message body Hi Beverly, you have a chance to see this ...


June 23, 2016, 12:04 am, 1647737
Great Rendition


June 22, 2016, 10:04 pm, 1647728
Awesome!