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

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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Carpe Diem (Mark J. Perry)

"Mark J. Perry’s Blog for Economics and Finance”


February 18, 2017, 3:33 pm, 1721214

My CD blog post a few days on China’s alleged “currency manipulation” (“We should thank, ...


February 16, 2017, 5:33 pm, 1720681

From a Wall Street Journal article earlier this week “U.S. Eyes New Tactic to Press China“:

The White House is exploring a new tactic to discourage China from undervaluing its currency to ...


February 14, 2017, 7:33 pm, 1719891

According to one estimate from American Express, there could be as many as six million American couples who will get engaged today, on Valentine’s Day, and most of those engagements will involve a diamond ring with average cost of $4,000 according to a ...


February 13, 2017, 5:33 pm, 1719458

Valentine’s Day 2017 is nearly here — it will be celebrated tomorrow on February 14. In what has become an annual tradition at CD, this post features some of the ways that an economist says “I Love You” on that special romantic day using charts, diagrams, graphics, and economic theory. ...


February 13, 2017, 1:33 pm, 1719376

Tomorrow, February 14 is Valentine’s Day and I arranged to have the custom video above produced in India by a young man named “Funnybro” who provides a service he calls “I will dig the soil and find your message and say it” through ...


February 12, 2017, 3:33 pm, 1719114

From the article “School choice saves American communities millions of dollars” by Jason Crye, executive director of Hispanics for School Choice, a Milwaukee-based advocacy organization and visiting fellow at the Thomas B. Fordham Institute:

Establishment folks in public education have done their best to make ...


February 10, 2017, 5:33 pm, 1718846

1. Map of the Day I (above) shows the top export for each US state in 2015 based on trade data from the Census Bureau.

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February 9, 2017, 9:33 pm, 1718509

It’s a scientifically and mathematically provable fact that all tariffs, at any time and in any country, will harm economic growth, eliminate net jobs, destroy prosperity, and lower ...


February 9, 2017, 7:33 pm, 1718480

This seems to be the “logic” of the protesters who opposed the 1.5 mile completion of the 1,700 mile Dakota Access Pipeline near the Cannonball River ...


February 8, 2017, 5:33 pm, 1718007

…. is from Joseph Epstein writing in today’s Wall Street Journal (“At the Trump Trauma Center, Nobody Comes for Treatment: A sickness that makes sufferers feel terribly good about themselves“):

The hatred of those who oppose Donald Trump makes the old liberal detestation of Richard Nixon seem quaint. Even if ...