Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.

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 .

Click on the image to get a bigger version.

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.

RSS Feed

News from 1930

"Being a daily summary based upon my reading of the Wall Street Journal from the corresponding day in 1930.”

September 12, 2017, 1:17 pm, 1773422

Note: Sorry for the delay in posting, but as you'll see this day was a pretty eventful one with about double the normal quota of news, and I didn't want to skimp on the coverage because of the significance of the events. Also, I'd ...

September 12, 2017, 1:17 pm, 1773423
(Hopefully the first of a regular feature.)

Important note: None of this is intended as investment advice - please do your own due ...

September 12, 2017, 1:17 pm, 1773424
Assorted historical stuff:

Editorial: While Americans are confident in men like W. Gifford and O. Young as the leaders of unemployment relief, “it is devoutly to be hoped that soon they will be ...

September 12, 2017, 1:17 pm, 1773425

(Hopefully the first of a regular feature.)

One of my favorite things about doing this blog has been coming across the amazing ...

September 12, 2017, 1:17 pm, 1773421
Continuing my little series on the amazing forgotten performers and artists of 1930. Our second Forgotten Genius is the extremely talented funnyman Eddie Cantor. It's ...

September 12, 2017, 1:17 pm, 1773420
British crisis special:

“Great Britain's second day off the gold standard, as far as the man in the street was concerned, found the country carrying on under the war-time slogan 'business as ...

September 12, 2017, 1:17 pm, 1773417
A commenter with the memorable ID of Pants-Happy recently asked to see a certain full-page Packard ad that I had referred to earlier. I find quite a few of the ads I come across from the 1930's to be noteworthy either for content or graphic design, which is why ...

September 12, 2017, 1:17 pm, 1773418
[Note: Sorry for the gap in posting the past month - have been busy on some other projects. Will try and get back on a more regular schedule this month.]

British crisis update:

September 12, 2017, 1:17 pm, 1773419

After writing my recent note on Eddie Cantor, I did a search on Amazon and was delighted to find that “Caught Short: ...

September 12, 2017, 1:17 pm, 1773416
British crisis update:

Sterling continued to decline, opening at $3.91 and sagging to $3.81 (vs. $4.10 on Wed. and $4.85 the previous week); rest of the foreign currency list was unsettled, though francs and Swiss ...