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)

October 10, 2015, 7:35 am, 1556189

As Keanu might say, "Woah."

October 10, 2015, 5:33 am, 1556168


In the past decade, sales of the humble Oreo are up 60 percent, passing $2.5 billion a year. Its success defies two major food-world trends: toward the healthy and unprocessed, and toward the pumped-up and Xtreme. Somehow, this ancient brand has taken off in its second ...

October 9, 2015, 7:33 am, 1555728

Heat is terrific. We could use more as good.

October 9, 2015, 7:33 am, 1555727

Former Airplane and Hot Tuna member is 75 and seems to be doing well.

October 9, 2015, 5:33 am, 1555692

Some of these I had heard, but not the one about lightning rods.

October 8, 2015, 7:33 am, 1555096

". . . You are considering a career as a pilot who will fly 100,000 flights in a lifetime. What is the probability that you will be killed in a crash?"

Interesting discussion and perhaps a good example for an elementary stats class.

October 8, 2015, 7:33 am, 1555095

As the article clearly states this conclusion only holds in nominal terms. In real terms he makes about 45% less.

But it's still impressive.


October 8, 2015, 5:33 am, 1555038

Probably as much as you'll ever want to know about doing a good Boston accent.

October 7, 2015, 7:33 am, 1554428

The Law of Unintended Consequences strikes yet again.

October 7, 2015, 7:33 am, 1554427

If you can't find any stocks, bonds, or real estate you want to put your money into you could try investing in yourself.

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