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)
If you want to be on the Net on this holiday, this list should give you some things to look at.
Contrary to what you might think, the Museum of Contemporary Art in Rio de Janeiro is not, in fact, a spaceship.
Good list. I'd add two more: soccer is much better to exercise to and Leo.
College football is here again! (Did you see Texas A&M kick the Head Ball Coach's butt?) Here's a piece that "explain[s]" college football.
I found most interesting the alleged facts that players tend to come from "big cities in hot places" but coaches come from the Midwest.
Sounds like a great restaurant. But my daughters went and couldn't get in. (Link via my younger daughter.)
Everything--and I do mean everything--you're likely to want to know about the use of "the" in names of rock groups.
At least for right now, ISIS is practically defenseless against air attack.
Of course, that could change.
I don't think it's a "secret". Here in NC they're advertising that bad boy on TV a lot.
The $10 sandwich has 2 chicken tenders, 1.5 oz. of roast turkey, 1.5 oz. of ham, 1 slice of Swiss cheese, 1.5 oz. of corned beef, 1.5 oz. brisket, 1.5 oz. of Angus steak, 1 slice of ...
The California DMV pays three--three, mind you--employees to keep HAMRJMR, PSTLCHK, RDSN57, and DOOTERS off the road.