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.
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)
Okay, let’s roll the promoted stocks scoreboard:TickerDate of ArticlePrice @ ArticlePrice @ 1/20/15DeclineAnnualizedDead?GTXO5/27/20082.450.01
It is truly amazing how predictable the losses are from promoted stocks, and that is why you should never buy them. Today’s ...
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Most formal statements on financial risk are useless to their users. Why?They are written in a language that average people and many regulators don’t speak.They often don’t define what they are trying to avoid ...
Beware when the geniuses show up in finance. “I can make your money work harder!” some may say, and the simple-minded say, “Make the money sweat, man! We have retirements to fund, and precious ...
Like my friend Josh Brown does, I often don’t know where I will end when I start writing… I know I have something to say, given ...