Economics Roundtable

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 .

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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.


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”

August 26, 2014, 7:33 pm, 1325025

Following several other recent innovative additions to the services offered by the ride-sharing, taxi-alternative leader Uber (UberPool that allows customers to share a ride and split the cost, Uber for Business that allows employees who use Uber to bill their trips directly to their company and ...

August 25, 2014, 1:33 pm, 1324162

In a post titled at Business Insider (“Canada Has The Most Business-Friendly Tax Policy In The World“) Myles Udland points to a recent KMPG special tax report “Competitive Alternatives” that measures the Total Tax Index for the ten countries ...

August 25, 2014, 11:33 am, 1324084

…. is from Deidre McCloskey (via Matt Ridley):

The aim of the true Liberal should not be equality but “lifting up those below him.” It is to be achieved not by redistribution but by free trade, compulsory education and women’s rights. And so it came to pass. ...

August 25, 2014, 11:33 am, 1324083

1. A UAW worker at Ford says he will pay dues to cover core activities performed by the union (collective bargaining, contract administration and grievance processing) but he objects to the portion of union dues that supports the Democratic Party and he has filed charges seeking a partial refund. ...

August 24, 2014, 11:33 pm, 1323798

Writing in Saturday’s WSJ column “The Intelligent Investor,” Jason Zweig reviews a recent article by the “dean of the investment-management industry” Charles Ellis, who claims in the July/August issue of the Financial Analysts Journal that the “active vs. passive investment debate” is largely over. After their high trading fees and ...

August 24, 2014, 11:33 am, 1323718

Starting September 1, companies in the 28 member countries of the European Union will be banned from making, selling or importing vacuum cleaners above 1,600 watts. The new rules are part of the EU’s energy efficiency directive, designed to help tackle climate change.

Prediction by Anthony Watts: ...

August 24, 2014, 11:33 am, 1323719

In an August 9 article in the Washington Post “No matter what, the long-term investor comes out ahead of the short-term trader,” Barry Ritholtz (chief investment officer of Ritholtz Wealth Management) offered these thoughts on the active vs. passive investing debate:

The data is terribly unfavorable to the active ...

August 23, 2014, 7:33 pm, 1323586

In a January 2014 report titled “Rape and Sexual Assault: A Renewed Call to Action” (which led to the creation of the “Task Force to Protect Students From Sexual Assault” headed by Biden), the White House made the following ...

August 23, 2014, 7:33 pm, 1323585

…. is from Leonard Hand via Greg Mankiw’s op-ed in the Sunday NY Times:

Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty ...

August 23, 2014, 1:33 pm, 1323552

From the Las Vegas Review-Journal in 2011:

Looking for the number of burglaries last year in Devils Lake, N.D.? How about the increase in property crimes in Caribou, Maine? The answers (34% and 23%, respectively) are readily available from the FBI. Want detailed information on how many people were ...