Technical Problems 1/21/15
The website was down for a day and a half, 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.
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 .
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.
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?
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The Classic Economic Models cover micro, macro, and financial markets.
Beat the Press (Dean Baker)
"Dean Baker’s commentary on economic reporting”
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(AP Photo/Vincent Thian)
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(AP Photo/Carolyn Kaster)
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(AP Photo/The El Paso Times, Mark Lambie)
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(AP Photo/Long Beach Press-Telegram, Stephen Carr)
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(AP Photo/Petros Giannakouris, File)
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(AP Photo/Jonathan Bachman)
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(Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images)
Senate Budget Committee ranking member Senator Bernie Sanders, independent ...