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.
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.”
The European Central ...
Commercial real estate analysts were projecting that 2015 would be a strong year even before Thursday’s quantitative easing announcement by the European Central Bank.
Now it’s looking even better, according to David Hutchings, ...
Raising interest rates ...
Mario Draghi: Meet Tom Brady, who has some experience with a brutal environment in which longstanding rules are sometimes broken.
Tom Brady: Meet Mario Draghi, who knows inflation is the most prudent goal these days.
The Wall Street Journal’s Daily Report on Global Central Banks for Friday, January 23, 2015:
Sign up for the newsletter: http://on.wsj.com/grandcentralsignup
HighlightsHilsenrath’s Take: On Day One of ECB QE, Draghi Gets Much of What He ...
When the U.S. economy unexpectedly contracted in the ...