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.

RSS Feed

Credit Slips

"A Discussion on Credit and Bankruptcy”

October 8, 2015, 12:44 pm, 1555262

I understand what it's like to live in a low-income family. I can only begin to try to understand the extraordinary struggles ...

October 7, 2015, 6:44 pm, 1554829

Yesterday, the Supreme Court heard arguments in yet another arbitration case, DIRECTV v. Imburgia. Here's the ...

October 6, 2015, 10:44 am, 1553855

The past year has seen two notable innovations in the payments world and a third is coming down the pike.  ApplePay was rolled out last spring, the EMV liability shift went into effect on October 1, and the Fed has convened a task force on designing a faster ...

September 28, 2015, 10:44 am, 1550052

Both sides in the interchange fee debate have pointed to a recent Richmond Fed study as evidence supporting their position (here and here). Frankly, it's hard to tell without agreeing on a baseline for analysis: pre-Durbin interchange fees or what the fees would ...

September 24, 2015, 8:44 pm, 1548907

Cash checking fees, prepaid card fees, money transfer fees, cashier's check fees -- all together, the unbanked pay up to ...

September 21, 2015, 6:44 am, 1546766

Some thoughts on the 3d Circuit's recent opinion in LifeCare, which I suspect will lead to even more 363 sales,

September 15, 2015, 6:44 pm, 1544322

The quest for yield and its effect on the future of chapter 11 cases, over at Dealb%k.

September 13, 2015, 10:44 am, 1543233

Are bigger payday and title lending companies better for low-income borrowers than smaller companies? Jim Hawkins (Houston Law Center) takes up that question in a new article which reports the results of his study of the advertisements of payday and title loan companies with storefronts in ...

September 10, 2015, 10:44 am, 1541918

A new commentary stemming from my draft article Federalism Form and Function in the Detroit Bankruptcy is now posted ...

September 8, 2015, 6:44 pm, 1540813

One of the great challenges to the bankruptcy system if not to the American way of life is those who insist on capitalizing the  letter c when discussing chapters of the Bankruptcy Code. If it is "section 1129," as the Bluebook dictates, then it is "chapter 11." Both are ...