Database Maintenance 7/4/15
Routine database maintenance will induce some duplicated items for the next day or two.
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 .
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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
WSJ: Real Time Economics
"Economic insight and analysis from the Wall Street Journal.”
Some of the bitterest foes ...
MOSCOW–The Bank of Russia cut interest rates Friday for the fifth time this year citing economic risks, but declined to commit on whether there would be further monetary easing.
The central bank slashed the key rate by 50 basis points to 11%, in line with the market consensus, taking its total ...
The Wall Street Journal’s Daily Report on Global Central Banks for Friday, July 31, 2015:
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HighlightsHilsenrath’s Take: GDP Data Support a Soon-and-Slow Rate Hike Strategy Modest Growth in U.S. Economy