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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Economist Mom

"…where analytical rigor meets a mother’s intuition”


December 3, 2014, 10:34 am, 1382214

I’ve long thought of AARP as an “old people’s” organization, which might be enough reason to resist joining despite the attractive discounts and other benefits.  (Who wants to admit they’re now a card-carrying “old person,” after all?)  But for most of ...


December 3, 2014, 10:34 am, 1382215

Well, now that that’s over, it’s time to get to work.  The Concord Coalition’s executive director, Bob Bixby, explains it this way in a Concord blog post:

If the country is on an unsustainable fiscal path, which it is, and if continued partisan ...


December 3, 2014, 10:34 am, 1382216

I am SO hoping that things get resolved tonight so we can get onto all the work those politicians will need to get ...


December 3, 2014, 10:34 am, 1382209

All over an unwillingness to convince his colleagues to let tax rates come back up (as scheduled) on (even) the very richest, any “deal” between Boehner and Obama is off –at ...


December 3, 2014, 10:34 am, 1382213

Lori Montgomery’s front page story in today’s Washington Post sounds like a downer, entitled (in the print edition) “Taxes still the big ‘cliff’ hang-up.” Indeed, really since the George W. Bush ...


December 3, 2014, 10:34 am, 1382212

Some pledges are meant to be broken, once the only reason you’re keeping them is because those you’ve made them to keep telling you (in not such nice ways) “but you promised.”  People grow up and grow out of marriages, ...


December 3, 2014, 10:34 am, 1382210

Just ask Alice!  Alice Rivlin and Pete Domenici have put out “Domenici-Rivlin 2.0″ as a guidebook for policymakers negotiating and still struggling with this well-hyped “fiscal cliff” issue.  The plan’s basic, eminently sensible components ...


December 3, 2014, 10:34 am, 1382211

(I have to admit I do “instagram” some of my best meals–and I’m not even young.)


December 3, 2014, 10:34 am, 1382208

It’s as if we’ve just survived a near-death experience.  (Image above from NPR.)  Like we followed the light and even saw the pearly gates and then miraculously were sucked back down into our ...


December 3, 2014, 10:34 am, 1382207

After 4 and 3/4 years and 932 posts (counting this one), I’m putting down my pen as “the EconomistMom” (capital-E, capital-M, smooshed together) and going back to being (more ordinarily) just (an) economist mom.  (I think in my older (i.e., younger) ...