Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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)

October 22, 2014, 7:33 am, 1355415

Ira Stoll, in the New York Post, speculates on the reason for Krugman's call for antitrust action against Amazon:

It’s enough to make a cynic suspect that the Times’ panic over Amazon isn’t about online retailer’s market power or disparate treatment at all, but the fact that ...

October 22, 2014, 7:33 am, 1355417

22-year-old West African woman combats Ebola by "invent[ing] her own equipment".

October 22, 2014, 7:33 am, 1355416

October 22, 2014, 5:33 am, 1355342

I'm not sure the answer is right, but your mileage may vary.

The answer, it seems, is embedded deep in the evolutionary nature of disgust. And in the central role sex plays in the evolutionary story.

October 21, 2014, 7:33 am, 1354674

We've needed something like this for a long time. I hope they keep it updated.

Highest ranked: Selzer & Company, Field Poll, Ciruli Associates.

Lowest ranked: Research 2000, TCJ Research, Strategic Vision, Zogby, Pharos Research.

October 21, 2014, 7:33 am, 1354673

Jonah Goldberg, right smack on the money:

Of course, Obama’s ideology is larger than him — which is one reason I dislike so many rightwing explanations of Obama’s motives as stemming from his post-colonial, Alinskyite, African-Indonesian-Muslim life story. All of that stuff might be true. Indeed, some ...

October 21, 2014, 7:33 am, 1354670

Tell me again about how great the FDA is.

Two years after 9/11, Congress created Project Bioshield to speed up the commercialization of vaccines, drugs and diagnostics. A key part of the plan: Get the FDA to evaluate innovations quickly by using the same scientific advances that ...

October 21, 2014, 7:33 am, 1354672

Forget ISIS and Ebola, this is really, really bad: modern technology has made it much more difficult to be a music snob.

My record collection is no longer a lifestyle, a biography, a status. The identities that I and a generation of fellow aesthetes spent our lives ...

October 21, 2014, 7:33 am, 1354671

A useful illustration of why there is never a "no brainer" trade.

October 20, 2014, 7:33 am, 1353943

Thanks to the rank bias of teachers of "environmental science" today's high schools students are unlikely to know the enormous damage Silent Spring did. Show them this.