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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Newmark’s Door (Craig Newmark)
He reminds me of the line used about Bill Gates: "He has five brains and each one of them is smarter than yours."
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.
A cool little story about Bob Dylan's early acetates, Rolling Stone, and the heretofore unknown to me "Gell-Mann Amnesia Effect".
An interesting try, but even if one of the theories advanced explains why they did, they don't explain why they do now.
Come for Otis, stay for the wonderful backing band.
"Saint in the City" should be much higher, but this is a good ranking.
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 49 years ago.
830,000 dead would seem to qualify.
"Whatâ€™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.)
North Carolina's entry is Hops Burger Bar in Greensboro.