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 .
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.
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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Carpe Diem - AEI (Mark J. Perry)
From S&P Dow Jones Indexes:
The index versus active debate has been a contentious subject for decades, and there are few strong believers on both sides, with the vast majority of market participants falling somewhere in between. Since its first publication 14 years ago, the SPIVA Scorecard has served as the ...
…. is from the editors of National Review in the September 12, 2016 issue:
When the cynically misnamed Affordable Care Act was passed, Democrats and their media megaphones assured the American public that this was a carefully crafted piece of policy architecture. Time would tell, and now it is telling — ...
Some interesting facts about the poor financial performance of Harvard’s $38 billion endowment, from the Boston Globe article “Harvard endowment posts 2 percent loss“:
The map above provides another perspective on the enormity of America’s $18 trillion economy (US GDP in 2015) by showing seven areas of the ...
Meet the mostly male (71%), mostly white (89%) leadership team at General Mills, see their bios here.
According to a recent news report from ...
Some excerpts from the Psychology Today article “Will We Ever Notice Boys’ Struggles?” by Mark Sherman, professor emeritus of psychology at the State University of ...
…. is from Udo Gollub, writing on Facebook:
Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age.
In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, its business model disappeared and it went bankrupt.
What happened to Kodak will happen in ...
is from President Ronald Ronald Reagan’s radio address to the nation on international trade on August 6, 1983:
The winds and waters of commerce carry opportunities that help nations grow and bring citizens of the world closer together. Put simply, increased trade spells more jobs, higher earnings, better products, ...