Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

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?


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EconModel

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The Classic Economic Models cover micro, macro, and financial markets.


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News from 1930

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


December 3, 2014, 8:34 am, 1381506

No Journal was published Sunday, September 13, 1931. See you tomorrow back in 1931!


December 3, 2014, 8:34 am, 1381507

Assorted historical stuff:

House of Commons debate adjourned ...


December 3, 2014, 8:34 am, 1381508

Note: I only have time for a short version today, and probably for a few weeks to ...


December 3, 2014, 8:34 am, 1381509

Note: I only have time for a short version today, and probably for a few weeks to come, due to heavy ...


December 3, 2014, 8:34 am, 1381505

Assorted historical stuff:

Times special reports ...


December 3, 2014, 8:34 am, 1381504

Assorted historical stuff:


December 3, 2014, 8:34 am, 1381501

Administrative note: I had intended to maintain the day-by-day summary here until July of 1932 when (spoiler alert) the Dow industrials finally bottomed out at 41 and change. I still intend to continue the summaries until then, but due to heavy workload, ...


December 3, 2014, 8:34 am, 1381502

Assorted historical stuff:

Sen. Glass (D, ...


December 3, 2014, 8:34 am, 1381503

Assorted historical stuff:

"High Washington officials ...


December 3, 2014, 8:34 am, 1381500

Administrative note: I had intended to maintain the day-by-day summary here until July of 1932 when (spoiler alert) the Dow industrials ...