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?
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Carpe Diem - AEI (Mark J. Perry)
My CD blog post a few days on China’s alleged “currency manipulation” (“We should thank, ...
From a Wall Street Journal article earlier this week “U.S. Eyes New Tactic to Press China“:
The White House is exploring a new tactic to discourage China from undervaluing its currency to ...
According to one estimate from American Express, there could be as many as six million American couples who will get engaged today, on Valentine’s Day, and most of those engagements will involve a diamond ring with average cost of $4,000 according to a ...
Valentine’s Day 2017 is nearly here — it will be celebrated tomorrow on February 14. In what has become an annual tradition at CD, this post features some of the ways that an economist says “I Love You” on that special romantic day using charts, diagrams, graphics, and economic theory. ...
Tomorrow, February 14 is Valentine’s Day and I arranged to have the custom video above produced in India by a young man named “Funnybro” who provides a service he calls “I will dig the soil and find your message and say it” through ...
From the article “School choice saves American communities millions of dollars” by Jason Crye, executive director of Hispanics for School Choice, a Milwaukee-based advocacy organization and visiting fellow at the Thomas B. Fordham Institute:
Establishment folks in public education have done their best to make ...
1. Map of the Day I (above) shows the top export for each US state in 2015 based on trade data from the Census Bureau.
It’s a scientifically and mathematically provable fact that all tariffs, at any time and in any country, will harm economic growth, eliminate net jobs, destroy prosperity, and lower ...
This seems to be the “logic” of the protesters who opposed the 1.5 mile completion of the 1,700 mile Dakota Access Pipeline near the Cannonball River ...
…. is from Joseph Epstein writing in today’s Wall Street Journal (“At the Trump Trauma Center, Nobody Comes for Treatment: A sickness that makes sufferers feel terribly good about themselves“):
The hatred of those who oppose Donald Trump makes the old liberal detestation of Richard Nixon seem quaint. Even if ...