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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
"The latest maneuvers of the new oligopolies and what they mean”
Big UK banks seem to be in just as bad shape as their American cousins. The government is about to start a second round of bailouts (Of up to $100 billion) and the targets are rumored to be the three biggest: Royal Bank of Scotland, ...
The dark night of Citigroup and Bank of America
How the might have fallen! Citigroup and BoA had pushed to dominate financial services by buying up rivals and expanding horizontally. Over the last few years, they have bought into areas from stock brokering, investment banking, wealth management, ...
In December 2004 we reported
Ireland-based Waterford Wedgwood the world's leader maker of fine china and crystal announced it will buy competitor Royal Doulton, based in the UK. These leaders in the luxury tableware market have both been suffering due to ...
Panasonic buys Sanyo
Mergers between Japanese consumer electronics giants have been few and far between, even though you would think hat these companies would want to reduce competition by buying out rivals. These wide-ranging companies (including Hirtachi, Canon, Konica Minolta, Epson, Sony, and many others) have long ...
Pfizer to buy Wyeth
Well, the deal came through and finally moved at lightning speed. Wyeth has agreed to be acquired by Pfizer, making the #1 drug company even large in scope. The cost was an amazing $68 billion in cash and stock, a very rich deal ...
The EU competition commission recently fined a cartel of marine hose manufacturers for price fixing. Marine hose is a ...
The proposed merger of Live Nation and TicketMaster is a clear case of two oligopolies stacking on one another to extend their near-monopoly control vertically.
Live Nation either owns of has the right to book nearly every major pop music venue in the US ...
Erectile oligopoly accused of cartel
Swiss antitrust officials have charged the three leading makers of erectile dysfunctional drugs of a price-fixing cartel. The three are Bayer (Levitra), Pfizer (Viagra), and Eli Lilly (Cialis). According to the Swiss officials, the three companies set and enforced similar "recommended ...
Stupidest deals: Fiat-Chrysler
With few mergers and acquisitions taking place now, and a growing number falling apart, we will start looking at the deals over the last few years that have turned out to be disasters. Not for executives, consultants, private equity groups, and bankers - they've ...
The coming Kindle monopoly?
For a long time, selling books has been an oligopoly. On the brick-and-mortar world, it is Wal-Mart, Borders, and Barnes & Noble. In the digital world, there's Amazon, which dwarfs any competitors.
These four have driven all but a ...