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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ArgMax (John Irons)

"Economics News, Data, and Analysis”

July 5, 2015, 12:04 am, 1501486

We're hiring a labor economist at EPI... see link for details on how to apply...

Employment opportunities at EPI

Living Standards/Labor Economist

The Economic Policy Institute is looking for an experienced economist for our flagship Living Standards program. In that position, the successful candidate would work with the Living Standards team to ...

July 5, 2015, 12:04 am, 1501487

Romer/Bernstein estimate job impact to be between 3 and 4 million... see The Job Impact of the American Recovery and Reinvestment Plan.

July 5, 2015, 12:04 am, 1501488

Just posted at EPI...

A rescue plan for Main Street

A package that provides funding for infrastructure, aid to states, and other provisions would begin to reverse our economic course by creating jobs while meeting national priorities. The package should also include a down-payment on longer-term reforms, as well. This memo ...

July 5, 2015, 12:04 am, 1501489

The GAO is out with its first report on the Treasury's TARP/CPP program. Implementing the transparency and accountability requirements should be a high priority for the new administration.

(Also, be sure to check out the nifty TED spread chart on page 50, and the bond-treasury spread on 51. And, if you ...

July 5, 2015, 12:04 am, 1501485

Views of Income Taxes Among Most Positive Since 1956

A new Gallup Poll finds 48% of Americans saying the amount of federal income taxes they pay is "about right," with 46% saying "too high" -- one of the most positive assessments Gallup has measured since 1956. Typically, a majority of ...

July 5, 2015, 12:04 am, 1501484

John Irons (jsirons) on Twitter


Now live on Twitter...

July 5, 2015, 12:04 am, 1501481

Best idea I've heard in a while...

ยป Create Your Own "Extended Warranty Fund"

Create an "extended warranty fund" Instead of buying warranty after warranty, why not create an "extended warranty fund." In other words, whenever a retailer offers you an extended warranty, simply transfer that amount of money into ...

July 5, 2015, 12:04 am, 1501482

I've been trying to track this article down for months... must read for those interested in setting the record straight.

Persistence of Myths Could Alter Public Policy Approach -

July 5, 2015, 12:04 am, 1501483

July 5, 2015, 12:04 am, 1501480

Making minor improvements... but want to redesign to incorporate twitter, posterous.

Also thinking about moving from movable type to a hosted platform to better cross-post.