Economics Roundtable
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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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When the super-index is below zero, there is a high probability that the economy enters a ...
We have had evidence for quite some time that "GDP(I) growth is better than GDP(E)growth at tracking fluctuations in true output growth." GDP(I) is commonly called Gross Domestic Income, and GDP(E) is Gross Domestic Product. Conceptually, both GDP(I) and GDP(E) measure the exact same thing, using different methodologies. ...
But there was a strike in August., which involved 45k workers. Employees in strike are not counted ...
My highlights:
-As of September, manufacturing activity is contracting in 13 countries, out of 24 countries. (I do not include the eurozone as a whole, so as not to avoid ...
My highlights:
-As of September, manufacturing activity is contracting in 13 countries, out of 24 countries. (I do not include the eurozone as a whole, so as not to ...
SAN FRANCISCO (MarketWatch) — The U.S. economy is headed for another recession that government intervention cannot prevent, and such downturns will occur more often, the Economic Cycle Research Institute said Friday. “This is a new recession; it’s not a double dip recession,” ...