Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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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Carpe Diem - AEI (Mark J. Perry)

April 16, 2014, 11:33 am, 1256406

1. Chart of the Day: US oil production topped 8.3 million barrels per day last week for the first time in 26 years, going back to April 1988.

2. Markets in Everything: Watch ...

April 15, 2014, 7:33 pm, 1256090

A Carpe Diem regular sent me an email ...

April 15, 2014, 5:33 pm, 1256054

As a follow-up to my recent post about diamonds, which are by far the biggest marketing scam in history, orchestrated by the most successful cartel ever – De Beers – watch the video above titled “Why engagement rings are a scam” (some ...

April 15, 2014, 3:33 pm, 1255967

The extent of President Obama’s “revolting pay gap demagoguery” and willingness to spread “statistical frauds” about women’s issues to gain popularity with female voters apparently has no limits. Last week he accused America’s dry cleaners of engaging in systematic and unfair gender ...

April 15, 2014, 1:33 pm, 1255885

Some recent commentary on Obama’s paycheck poppycock, deceptive crusade, ignoble lie, equal pay canard, equal pay calamity, revolting equal pay demagoguery, equal pay hype, statistical fraud, bogus 77 cent differential, etc.:

1. Thomas Sowell in his column today titled “Statistical Fraud“:

The “war on women” political slogan is in ...

April 15, 2014, 1:33 pm, 1255884

Economist Gary Galles makes some good points about government price controls like minimum wage and rent control laws in his article “Cognitive Dissonance on Minimum Wages and Maximum Rents.” The whole article is excellent, here’s an excerpt:

“Many cities are pricey places to live.” That was the opening ...

April 15, 2014, 11:33 am, 1255806

IRS data for 2010 (most recent year available) are displayed above and show the shares of federal income taxes paid by various income groups, here’s a summary:

1. The top 0.1% of US taxpayers, about 135,000 filers with Adjusted ...

April 14, 2014, 5:33 pm, 1255463

In his annual letter to Berkshire Hathaway shareholders, Warren Buffett gives some sound investment advice for the average, non-professional investor, explaining how they can usually out-perform most “knowledgeable,” high-fee professional fund managers, financial advisers, and actively-managed funds, by investing ...

April 14, 2014, 5:33 pm, 1255462

The Paris-based World Federation of Exchanges (WFE), an association of 60 publicly regulated stock market exchanges around the world, recently released updated data on its monthly measure of the total market capitalization of the world’s major ...

April 14, 2014, 1:33 pm, 1255302

1. Chart of the Day: CO2 emissions per capita in the US increased slightly last year, but were back to the same level as in 1963 (50 years ago), and 23% below the peak in the early 1970s, thanks ...