Technical Problems 3/9/15
The website was down several hours today, but is back up now.
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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3. Lyft vs. Uber.
5. The world’s tallest cow dies after a lifetime of Photoshop accusations (recommended).
A study of the chestnut-crowned babbler bird from Australia revealed a method of communicating that has never before been observed in animals.
The bird combines sounds in different combinations to convey meaning.
The findings could help in the understanding of how language evolved in humans, researchers report in the online journal
The Greek story is being framed as a battle between the Greeks and the Germans and thus between spending and austerity. But this frame can’t make sense of the fact that, win or lose, large numbers of Greeks will vote for austerity on Sunday.
To understand what’s really going on, listen ...
Kevin Love, in his infinite wisdom, decided to test the free agent market. At least for a while, it seemed to raise the possibility that he wouldn’t return to the Cleveland Cavaliers with LeBron James.
Courtside critics of Love frequently cite the Coase theorem, especially when criticizing his play this last ...
The late chef Michael Roberts was the inventive Southern Californian who created a green pea guacamole. I was puzzled by the unusual yet pleasing ...