Economics Roundtable

May 2014 Payroll Employment

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

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Jobs

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.


EconModel

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 24, 2014, 11:33 am, 1357193

Andy Borowitz, not trying to satirize conservatives for once:

An organization of University of North Carolina athletic boosters expressed shock and outrage today over a report that a few members of U.N.C. sports teams may have taken real classes, despite the widespread availability of fake ones.


October 24, 2014, 7:33 am, 1357038

"I'm gonna add some bottom so that the dancers just won't hide."

Too much Red Hot Chili Pepper and Jamiroquai but otherwise, reasonable selections.


October 24, 2014, 7:33 am, 1357037

The New York Times argues that 80 can be the new 50.

Long may it wave.


October 24, 2014, 7:33 am, 1357036

"You’ll never be able to unsee these."


October 23, 2014, 7:33 am, 1356207

I'm giving BookBub a try. So far, it seems worth some clicks.


October 23, 2014, 7:33 am, 1356206

What surprised me: conservatives don't advertise much on ABC Family and Comedy Central and Liberals don't advertise much on the Golf Channel.


October 23, 2014, 7:33 am, 1356204

"The White House Says This Scientific Theory Explains Why It Isn't More Open To The Press".

The White House has a scientific explanation for why reporters aren't allowed to view President Barack Obama's interactions with campaign donors:The very act of observing an event can change the event's ...


October 23, 2014, 7:33 am, 1356205

Interview. 66 and still rockin'.

Link courtesy of Michael Greenspan.


October 22, 2014, 7:33 am, 1355416

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 ...