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)
I can't vouch for all of it, but taken at face value, there's a bunch of stuff here I certainly didn't know.
I kinda think that unless he's a criminal, if he wants to get in that badly, let him in.
Short version: that's what you have a liver and kidneys for.
Made me laugh. (Not for easily offended non-Americans.)
Especially useful if you feel that some of the music of decades ago is better than the great majority of today's music.
Crosby, Stills, & Nash, "Change Partners," Winterland, 10-7-73.
Van Morrison and The Band, "Caravan," Winterland, 11-25-76.
Aretha, "Bridge Over Troubled Water," Fillmore West, ...
I'll give them this: these questions are a lot harder than I remember my third grade math being.
Rock on, 96th Street Elementary.
Nobody takes offense, everybody pitches in. It's a radical concept in a school district where the teachers union, United Teachers Los Angeles, has fought the district for years over teacher evaluations, and where ineffective teachers are allowed to continue using the same ...
Not to worry, though, because the Democrats are “accepting suggestions for a new name” for their fund-raising dinners.
By these standards, one wonders who else among the party’s historical luminaries could possibly make the cut. Let’s consider the options.
Similar, and also funny: "A ...