Economics Roundtable

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.


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 .


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.


EconModel

The Economics Roundtable is sponsored by EconModel.

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WSJ:  Washington Wire

"Political Insight and Analysis From The Wall Street Journal’s Capital Bureau”


January 29, 2015, 8:44 pm, 1412743
Salim Furth: Comparing the slow-as-molasses recovery to previous recessions shows just how uniquely terrible the Great Recession’s recovery has been.


January 29, 2015, 6:44 pm, 1412679
Salim Furth: Comparing the slow-as-molasses recovery to previous recessions shows just how uniquely terrible the Great Recession’s recovery has been.


January 29, 2015, 6:44 am, 1412213
Mitt Romney plans to say in a speech Wednesday that the economy is "looking up," and the wealthy are improving but the middle class and poor are not.


January 28, 2015, 4:44 pm, 1411717
Mitt Romney plans to say in a speech Wednesday that the economy is "looking up," and the wealthy are improving but the middle class and poor are not.


January 27, 2015, 6:44 am, 1410537
Stark partisan differences in the importance attached to making further deficit reductions, combined with the new deficit estimates, could spell more tension in the annual spending debate in Washington.


January 27, 2015, 2:44 am, 1410446
David Wessel: CBO is growing steadily gloomier about the U.S. economy's capacity to grow. If CBO is right, that means it would be harder to bring down the historically high ratio of government debt to GDP and that living standards in the U.S. will improve more slowly.


January 26, 2015, 8:44 pm, 1410327
David Wessel: CBO is growing steadily gloomier about the U.S. economy's capacity to grow. If CBO is right, that means it would be harder to bring down the historically high ratio of government debt to GDP and that living standards in the U.S. will improve more slowly.


January 26, 2015, 2:44 am, 1409690
As India's economy has blossomed in the past decade it has been buying more from America, but its imports from China have grown at a much higher rate. After years as India's biggest trading partner, the U.S. was dethroned by China in 2007.


January 26, 2015, 2:44 am, 1409689
White House Chief of Staff Denis McDonough on Sunday defended the tax proposals aimed at helping the middle class that President Barack Obama outlined in his State of the Union speech.


January 25, 2015, 12:45 pm, 1409554
White House Chief of Staff Denis McDonough on Sunday defended the tax proposals aimed at helping the middle class that President Barack Obama outlined in his State of the Union speech.