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.
The Aleph Blog (David Markel)
In the time I have ...
Before I start this evening, thanks to Dividend Growth Investor for telling me about this book.
This is an obscure little book published in 1966. The title is direct, simple, and descriptive. ...
Yesterday I gave a talk on ethics to the incoming class at The Johns ...
Yesterday, Berkshire Hathaway issued a press release:
WARNING – On-Line Article Regarding Warren Buffett, BREXIT and Anderson Cooper is a Fraud
Would you like a 100 million-plus percent return on your money in a little more than four years? You would? Well, it can be done, but ...
Rates can go lower from here. For as long as I can remember, I have been told by many experts that rates can’t go lower, ...
When do you admit that you are wrong? Do you do it publicly? Do you hide it?
Do you hide it plain sight?
When I look at the graph for Fed funds for 2017 and later, I think the FOMC is admitting that they were wrong for ...
=-=-=-=-April 2016June 2016CommentsInformation received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as ...