Economics Roundtable

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 .

Click on the image to get a bigger version.

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)

November 26, 2015, 5:34 am, 1582420

. . . and they'll be no new posts until Monday.

(If you're disappointed about that, please note that this blog currently has over 17,000 posts and over 16,000 comments. Have you read them all?)

November 25, 2015, 7:34 am, 1581878

A bunch of great-looking but probably not too good for you recipes. Example: "Bacon Fried Mozzarella Sticks".

November 25, 2015, 7:34 am, 1581876

"If history is the gauge, then we should be preparing for a record hurricane season in the summer and fall of 2016 . . ."

November 25, 2015, 7:34 am, 1581877

Long Vanity Fair piece especially interesting for fans of the Man in the White Suit.

November 25, 2015, 5:34 am, 1581847

Something the world has needed.

November 24, 2015, 7:34 am, 1581226

Nice brief exposition of how the public employees' union and everybody else can take two very different views.

November 24, 2015, 7:34 am, 1581228

One of the many, many examples of why many people don't trust our federal government.

November 24, 2015, 7:34 am, 1581227

Take a wild guess.

November 24, 2015, 5:34 am, 1581161

November 23, 2015, 7:34 am, 1580595

John Tamny energetically criticizes Akerlof and Shiller's recent Phishing for Pfools.

(And Tamny doesn't even discuss probably the biggest objection, known since at least the Roman Empire: even if there really are smart people like Akerlof and Shiller who could potentially improve our welfare by telling us what to do, Quis custodiet ipsos ...