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)

July 25, 2016, 5:34 am, 1656734

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 ...

July 24, 2016, 5:34 pm, 1656638

"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?)

July 24, 2016, 7:34 am, 1656569

Liar level: "Pants on fire".

July 24, 2016, 7:34 am, 1656570

Consider this:

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 Dodgers’ current superstar pitcher, Clayton Kershaw ...

July 24, 2016, 7:34 am, 1656568

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.)

July 23, 2016, 7:34 am, 1656425

Probably needless to say, the differences are dramatic.

July 23, 2016, 5:34 am, 1656417

"David Ortiz hit a baseball so hard, it got stuck in Fenway Park's foul pole".

July 22, 2016, 7:34 am, 1656141

Yes, sir: "A strong candidate for the rock era's greatest live album . . ."

July 22, 2016, 5:34 am, 1656127

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".

July 21, 2016, 7:34 pm, 1655985

Made me laugh.