Economics Roundtable

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.

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Moneyness (JP Koning)

April 26, 2016, 3:34 pm, 1630104

Canadians will all know what Canadian Tire Money is, but American and overseas readers might not. Canadian Tire, one of Canada's largest retailers, defies easy categorization, selling everything from tents to lawn furniture to hockey ...

April 20, 2016, 5:34 pm, 1628471

Imagine waking up in the morning and checking the hockey scores, news, the weather, and how much the central bank has adjusted the gold content of the dollar overnight. This ...

April 9, 2016, 9:34 pm, 1625236
Blair Ferguson. Source: Bank of Canada
Passive investing is eating Wall Street. According to 2015 Morningstar data, while actively managed mutual ...

March 30, 2016, 11:34 am, 1622287

When I think of senseless waste, I think of the Battle of the Somme. Whole generations lost in
order to move a trench line forward by a metre or two. Zoom forward ...

March 24, 2016, 1:34 pm, 1620826

Would it make sense for firms to try to slow down their equity structure?

Equity markets are made of two classes of participants. ...

March 14, 2016, 5:34 pm, 1617762

Remember when shadow banks regularly outcompeted stodgy regulated banks because they could evade onerous regulatory requirements? Not any more. In negative rate land, regulatory requirements are a blessing for banks. Shadow banks want ...

March 1, 2016, 11:34 pm, 1613978

Have Swiss interest rates fallen so low that the public is finally bolting into cash? The Wall Street Journal and Zero Hedge think so. They both point to big ...

February 25, 2016, 1:34 pm, 1612195

Last week I asked whether the Federal Reserve could get rid of the $100 bill. This week let's discuss whether it should get rid of the $100. I don't think so. Here's ...

February 21, 2016, 11:34 pm, 1610735
Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank
Negative interests rates are the shiny new thing that everyone wants to ...

February 13, 2016, 3:34 pm, 1608402
Singapore's $10,000 bill, worth around US$7500, shares title to world's largest value banknote with Brunei's $10,000
Peter Sands has adeptly made the case for eliminating ...