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.


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WSJ:  Real Time Economics

"Economic insight and analysis from the Wall Street Journal.”


March 2, 2015, 11:03 am, 1431685

The Wall Street Journal’s Daily Report on Global Central Banks for Monday, March 2, 2015:

Sign up for the newsletter: http://on.wsj.com/grandcentralsignup

Highlights


Hilsenrath’s Take: Governor Zhou Reverses Tactic as China Outlook Worsens Fed Ushers ...


March 2, 2015, 11:03 am, 1431684

MONDAY

Former Fed officials Ben Bernanke, Charles Plosser, Jeremy Stein speak at a Brookings Institution event in Washington starting at 10 a.m.

TUESDAY

Reserve Bank of Australia releases a policy statement at 2:30 p.m. local ...


March 2, 2015, 11:03 am, 1431683

A key gauge of U.S. consumer prices sank in January due partly to cheaper oil, undershooting the Federal Reserve’s goal of 2% annual inflation for the 33rd consecutive ...


March 2, 2015, 9:03 am, 1431608

The Wall Street Journal’s Daily Report on Global Central Banks for Monday, March 2, 2015:

Sign up for the newsletter: http://on.wsj.com/grandcentralsignup

Highlights


Hilsenrath’s Take: Governor Zhou Reverses Tactic as China Outlook Worsens Fed Ushers ...


March 2, 2015, 9:03 am, 1431607

MONDAY

Former Fed officials Ben Bernanke, Charles Plosser, Jeremy Stein speak at a Brookings Institution event in Washington starting at 10 a.m.

TUESDAY

Reserve Bank of Australia releases a policy statement at 2:30 p.m. local ...


March 2, 2015, 3:03 am, 1431427

The U.S. economy will be operating at “full employment” by the end of this year as the unemployment rate drops to 5%, said John Williams, president of the Federal Reserve Bank of San Francisco, on Sunday.

Mr. Williams was quite upbeat about the U.S. economic outlook in an interview with Fox ...


March 1, 2015, 1:03 pm, 1431307

The U.S. economy will be operating at “full employment” by the end of this year as the unemployment rate drops to 5%, said John Williams, president of the Federal Reserve Bank of San Francisco, on Sunday.

Mr. Williams was quite upbeat about the U.S. economic outlook in an interview with Fox ...


March 1, 2015, 11:03 am, 1431286
The U.S. economy expanded at a 2.2% pace in the fourth quarter, with stronger consumer spending offsetting declines in business investment, exports and government spending. Associated ...


March 1, 2015, 11:03 am, 1431285

Federal Reserve officials who want to boost short-term interest rates soon warn that if the central bank waits too long, rate increases will ultimately have to be more aggressive and potentially disruptive to the economy.


March 1, 2015, 11:03 am, 1431284

The first Nobel Prize in economics to ever go up for auction sold for $390,848 late last night, according to seller Nate D. Sanders Auctions.

That’s more than for prizes in physics, but far from the million-plus payouts for prizes for medicine or peace.

Only a small number of Nobel Prizes ...