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.”


March 31, 2015, 10:04 am, 1448309


March 31, 2015, 10:04 am, 1448308
by Joseph Joyce The U.S.: Inept Diplomacy, Indispensable Currency The announcements by several European governments that they would join the new Asian Infrastructure Investment Bank (AIIB) have been widely seen as indicators of the declining position of the U.S.  The AIIB had been proposed by China for the purpose of ...


March 31, 2015, 10:04 am, 1448307
Some of AB’s regular readers probably have picked up on the fact that I’m obsessed with animal rescue.  (Dan Crawford sure has!)  And since AB is mostly an economics/finance blog, it probably has readers who buy art and antiques. Soooo …. I thought I’d pass this along.  The key sentence is ...


March 30, 2015, 6:04 pm, 1447940
By happenstance I heard today, Senator Warren’s interview on Here and Now. I just wonder, was the answer to the question about running for the Democratic Senate top position adamant enough for those who keep pushing to have her run for a leadership position?  How is it that some of ...


March 29, 2015, 10:04 pm, 1447340
Noam Scheiber has a hard hitting article on the front page of www.nytimes.com “2016 Candidates and Wealthy Are Aligned on Inequality” The content should be familiar to AngryBear readers. A majority of Americans are alarmed by high and increasing inequality and support government action to reduce inequality. However, none of ...


March 29, 2015, 2:04 pm, 1447273
“Two Cheers for Corruption” and Bill Black’s Response Plunder has become a way of life for many elite Corporate CEOs, Bill Black argues in response to Deirdre McCloskey supposition: “But corruption can be efficient and just, too. It can be good for efficiency if, say, bribes are paid to get ...


March 29, 2015, 4:04 am, 1447122
FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND AND FEDERAL DISABILITY INSURANCE TRUST FUND (c) With respect to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (hereinafter in this title called the “Trust Funds”) there is hereby created a body to be known as ...


March 27, 2015, 12:04 pm, 1446501


March 27, 2015, 12:04 pm, 1446500
Well quite the interesting news twist this morning as Senate Democratic Minority Leader Harry Reid announces he will not be running for re-election. Which of course launched the standard narrative of which current lieutenant would move up, giving us the rather stultifying debate of “Schumer vs Durbin”. Or Clinton’s former ...


March 27, 2015, 6:04 am, 1446274
Via Daily Kos, we learn that Wikileaks has released the investment chapter of the Trans-Pacific Partnership (TPP). This is a critical chapter, as it was in the North American Free Trade Agreement (NAFTA), because it establishes investor-state dispute settlement (ISDS) mechanisms. Despite its neutral-sounding name, ISDS is actually a radical ...