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 .

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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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Newmark’s Door (Craig Newmark)

September 25, 2016, 7:33 am, 1678311

Belichick being smart again.

He reminds me of the line used about Bill Gates: "He has five brains and each one of them is smarter than yours."

September 25, 2016, 5:33 am, 1678307

Notre Dame declined to give their side, but if Weis's story of how they treated his son is correct, Notre Dame should be deeply ashamed.

September 24, 2016, 7:33 am, 1678177

A cool little story about Bob Dylan's early acetates, Rolling Stone, and the heretofore unknown to me "Gell-Mann Amnesia Effect".

September 24, 2016, 5:33 am, 1678173

An interesting try, but even if one of the theories advanced explains why they did, they don't explain why they do now.

September 23, 2016, 7:33 am, 1677949

Otis Redding.

Come for Otis, stay for the wonderful backing band.

September 23, 2016, 5:33 am, 1677930

"Saint in the City" should be much higher, but this is a good ranking.

September 23, 2016, 5:33 am, 1677931

I just rewatched #3, "The Trouble With Tribbles," a couple of weeks ago. When Scotty unleashes the killer last line and that glorious fanfare comes up, I felt just as good as I did 49years ago.

September 22, 2016, 7:33 am, 1677603

830,000 dead would seem to qualify.

September 22, 2016, 7:33 am, 1677601

"What’s going on? Part of the answer is simple economics."

Close. I'd say the answer is almost entirely economics. (The other part being a cultural shift that encourages and indulges complaint more than it used to do. But that, too, may be a function of greater income and leisure.)

September 22, 2016, 7:33 am, 1677602

North Carolina's entry is Hops Burger Bar in Greensboro.