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?


Click on the chart for a larger version.


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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.”


July 2, 2014, 10:34 pm, 1294574
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 ...


July 2, 2014, 10:34 pm, 1294575

(Hopefully the first of a regular feature.)

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


July 2, 2014, 10:34 pm, 1294576

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


July 2, 2014, 10:34 pm, 1294577

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, ...


July 2, 2014, 10:34 pm, 1294573
(Hopefully the first of a regular feature.)

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


July 2, 2014, 10:34 pm, 1294572

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 ...


July 2, 2014, 10:34 pm, 1294569

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


July 2, 2014, 10:34 pm, 1294570
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 ...


July 2, 2014, 10:34 pm, 1294571
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 ...


July 2, 2014, 10:34 pm, 1294568
[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: