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?


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Credit Slips

"A Discussion on Credit and Bankruptcy”


November 21, 2014, 6:44 pm, 1376030

I wonder how many Bankruptcy professors have posed a hypothetical about the exemption of a rare Bible worth lots of ...


November 20, 2014, 10:44 pm, 1375378

Following up on my prior post, the New York Court of Appeals has ruled that a rent stabilized appartment is a public benefit, rather than an asset.


November 20, 2014, 2:44 pm, 1375131

Readers who have not otherwise received notice in the twittersphere may be interested in this commentary at The Conversation.


November 18, 2014, 2:44 pm, 1373589

Last week, Adam pointed us to a NYT's story on "zombie debt" after bankruptcy. I did a bit more research into the story because I had a hard time understanding the problem from the article.

There are a few lawsuits that have been filed about this ...


November 18, 2014, 12:44 pm, 1373509

Mexico's public offering with New York-style ICMA CACs is a huge deal. But it turns out that Vietnam's exempt offering on November 6, also under New York law, was there first. Since it is not a public offering, the disclosure document is not public, and the


November 17, 2014, 4:44 pm, 1372952

The headline for this post will be mysterious and perhaps slightly salacious in a general newsfeed, but bankruptcy experts will know it means the time is nigh in the 11th Circuit for lien strip-offs. The Supreme Court agreed to hear Bank of America v. Caulkett and Bank of ...


November 13, 2014, 6:44 pm, 1370951

The NYT has a piece about credit reporting of so-called "zombie debt"--debt that has been discharged in bankruptcy.  Apparently the US Trustee Program is investigating various creditors in connection with this debt.

The reporting obscured a bit of very subtle bankruptcy metaphysics. The discharge of debt ...


November 12, 2014, 12:44 pm, 1369852

Two stories in today's world news caught my attention because they were both related to rising consumer debt and tightening mortgage rules. 


November 11, 2014, 2:44 am, 1368755

Mexico has just filed a registration statement with the SEC for New York-law bonds with a version of ICMA collective action ...


November 10, 2014, 12:44 pm, 1368278

On Friday November 7, 2014, Judge Rhodes confirmed the City of Detroit's plan of adjustment. As previously noted, this judicial act permits ...