January 2014 Payroll Employment
We are getting closer to the previous peak.
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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"A Discussion on Credit and Bankruptcy”
Last week, Professor Lynn LoPucki called me up and asked a good question. Why hasn’t Bitcoin fallen apart ...
History can sometimes provide a fresh perspective on current events. My years of observations at UNCITRAL led me to wonder about how working methods in this international organization compare to those of similar (some would say sister) organizations -- UNIDROIT and
I’m on my way to the Choice of Law in Cross-Border Bankruptcy Cases symposium at Brooklyn Law School that Susan Block-Lieb mentioned in her post earlier this week, so I have Chapter 15 on the brain.
I posted earlier about a ...
Again. This morning's Daily Bankruptcy Review reports that Fisker's creditors want to sue the debtor's secured lender. This is part of a fight over the proceeds of a 363 sale, where the holder of the secured debt was infamously limited to credit bidding ...
Am I the only one who didn't know that the National Conference of Commission on Uniform Law recently revised the Uniform Fraudulent Transfer Act in late 2013?
While revisions to the UFTA take a relatively light touch to the uniform act, the Commissioners were keen once more to ...
To question number one, it looks that way. According to Kim Chapman and Carter Dougherty at Bloomberg, as well as other news outlets, Director Richard Cordray has announced his intention to move forward with regulations aimed at lenders that make small loans like payday loans, title loans, and ...
Autonomous administrative agencies are anathema to certain sorts of lawmakers, e.g., those who think that we are always better off with less regulation. Recent legislation – H.R. 3193 – passed the House last week looking to make the Bureau of Financial Protection more accountable. Yesterday I posted a ...
Autonomous administrative agencies are anathema to certain sorts of lawmakers, e.g., those who think that we are always better off with less regulation. Recent legislation – H.R. 3193 – passed the House last week looking to make the
Anyway, Law v. Siegel is now out, with a 9-0 opinion that shouldn't surprise anyone. It finally gave Justice Scalia a chance to write a strongly textualist bankruptcy opinion for the Court, getting him out of the gulag of concurrences and dissents. It ...
Just a quickie: I'm attending a conference at Brooklyn Law School this Friday on Choice of Law in Cross Border Bankruptcy Cases, organized by my long-time co-author, and friend of the blog, Ted Janger. The conference is co-sponsored by the International Insolvency Institute and ...