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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Newmark’s Door (Craig Newmark)
As Keanu might say, "Woah."
In the past decade, sales of the humble Oreo are up 60 percent, passing $2.5 billion a year. Its success defies two major food-world trends: toward the healthy and unprocessed, and toward the pumped-up and Xtreme. Somehow, this ancient brand has taken off in its second ...
Heat is terrific. We could use more as good.
Former Airplane and Hot Tuna member is 75 and seems to be doing well.
Some of these I had heard, but not the one about lightning rods.
". . . You are considering a career as a pilot who will fly 100,000 flights in a lifetime. What is the probability that you will be killed in a crash?"
Interesting discussion and perhaps a good example for an elementary stats class.
As the article clearly states this conclusion only holds in nominal terms. In real terms he makes about 45% less.
But it's still impressive.
Probably as much as you'll ever want to know about doing a good Boston accent.
The Law of Unintended Consequences strikes yet again.
If you can't find any stocks, bonds, or real estate you want to put your money into you could try investing in yourself.