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)
What's the "right" thing? Take a guess. Go ahead, guess.
The unresponsiveness of housing supply to demand and price changes is blamed in part on restrictive zoning laws.
Economists measure this responsiveness as elasticity; in markets with higher elasticity, homebuilding responds to higher demand and prices at ...
"Do you know how many of the current SEC East head coaches have beaten a Saban-coached team?"
(And there's only one current SEC West coach with even a .500 average against him. You think the Tide'll be up for that game this year?)
Liar level: "Pants on fire".
Koufax was certainly a good baseball player as well. During his last four years, he averaged 24 wins and 7 losses per season.
These seem like numbers from some lost epic age. By way of comparison, the Dodgersâ€™ current superstar pitcher, Clayton Kershaw ...
The title is an exaggeration but this is a fine article on what transpired 257 years ago on the Plains of Abraham. (French arrogance plays--wait for it--a big role.)
Probably needless to say, the differences are dramatic.
"David Ortiz hit a baseball so hard, it got stuck in Fenway Park's foul pole".
Yes, sir: "A strong candidate for the rock era's greatest live album . . ."
I imagine there's a really small chance you'll need this. But if you do . . .
Another one on surviving a rare disaster: "Survival Saturday Infographic: How to survive a snakebite".
Made me laugh.