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?


Click on the chart for a larger version.


EconModel

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Credit Slips

"A Discussion on Credit and Bankruptcy”


December 19, 2014, 6:44 am, 1391987

I've been remiss in cross-posting my Dealb%k columns. Both of the most recent ones have commented on the ABI's chapter 11 reform proposal. You can find them here.


December 11, 2014, 10:44 am, 1387390

It looks like much of December will be spent sitting around the RUFO sickbed, waiting for the clause to expire of natural causes on December 31. The clause, recall, prevents Argentina from "voluntarily" giving holdout creditors a better deal than the one given to restructuring participants. When the RUFO clause expires, ...


December 10, 2014, 10:44 pm, 1387073
Will we have an appropriations bill before a government shutdown? The fight over the 2015 Appropriations Bill is now focused on one of the non-appropriations measures stuck onto the bill by the House GOP. That provision would repeal section 716 of the Dodd-Frank Act, which prohibits bailouts of swap ...


December 10, 2014, 12:44 pm, 1386738

Just received this month's ABI Journal. I surely can't be the only one who finds the ad for the BMC Group – inside the front cover – obnoxious, even offensive (I'm not going to dignify it by reproducing it). I get that sex sells ... but in a ...


December 9, 2014, 10:44 pm, 1386326

Why does the world hate lawyers?  Because of stuff like this.  You can't make this up:  the on-line menu prices for a Chinese restaurant weren't up-to-date, and a customer was overcharged $4. I get being pissed about that.  But what would most people do?  Just lump ...


December 8, 2014, 10:44 am, 1385172

Exams are on my mind this time of year, and I'm disappointed that bar examiners are increasingly regarding commercial law as unimportant. ...


December 4, 2014, 2:44 am, 1382990

As the Antonio Weiss nomination contest heats up, I'd like to pose a question that seems to be taken for granted by Weiss's supporters, namely that he's obviously qualified for the job.  As far as I can tell, Weiss's chief qualifications are that (1) he's an investment ...


December 3, 2014, 4:44 pm, 1382744

Bob’s post made me cry. Jean was an incredible scholar and colleague. She also had a fun, light side that I will forever cherish, and that I share here. 

I met Jean about 18 years ago through my mentor Bill Woodward (formerly of Temple University Law, now at ...


December 3, 2014, 12:44 pm, 1382544

Bob’s post made me cry. Jean was an incredible scholar and colleague. She also had a fun, light side that I will forever cherish, and that I share here. 

I met Jean about 18 years ago through my mentor Bill Woodward (formerly of Temple University Law, now at ...


December 3, 2014, 10:44 am, 1382275

Our friend and co-blogger, Jean Braucher, passed away a week ago today. Our first post here on Credit Slips had only