Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

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.


EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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The Entrepreneurial Mind

”... with Dr. Jeffrey R. Cornwall”


July 2, 2014, 11:23 pm, 1295780
I have written often about the challenges for entrepreneurs of finding balance between the strong, often conflicting pulls from family and from their business.

Toddi Gutner offers three case studies on entrepreneurs who have worked at finding this balance in ...


July 2, 2014, 11:23 pm, 1295781
"I've developed this really cool product and I have applied for a patent."

"I want to show you this awesome app that I helped design."

"We've got a great idea for a website."

Those of us who work with ...


July 2, 2014, 11:23 pm, 1295782


So what can small businesses expect for 2012? My general advise continues to be cautious!  While we are seeing some of the small business surveys showing optimism increasing and more ...


July 2, 2014, 11:23 pm, 1295783
While entrepreneurial success is tied to careful feasibility assessment, business modeling and planning, never underestimate the role that luck plays in an entrepreneurial journey.

I am not suggesting that aspiring entrepreneurs just sit and wait for an opportunity to come to ...


July 2, 2014, 11:23 pm, 1295779
One of the bootstrapping techniques I like folks to consider is keeping your day job while your venture to getting up to speed.  This has become a more common financing strategy now that the weak economy has put a hit on the ...


July 2, 2014, 11:23 pm, 1295778

Entrepreneurs face a difficult challenge in how they should be spending their time as a business grows.

 

The dilemma is commonly referred to as needing to "work on the business rather than work in it."

 

Typically, entrepreneurs are heavily ...


July 2, 2014, 11:23 pm, 1295775
Most entrepreneurs dream of that one big break.  For some businesses it is getting the one big customer.  For others it may be betting that magical "shout out" from a national thought leader or big time media outlet.

Should you always ...


July 2, 2014, 11:23 pm, 1295776
If we have any hopes of entrepreneurs leading us into a new period of economic growth the evidence is that they will come from two generational groups -- the Millennial Generation and their parents the Baby Boomers.

A lot has been ...


July 2, 2014, 11:23 pm, 1295777
Developing a sound business model is key to the successful launch of a business.

But you should never assume the business modeling is finished once the business begins to grow. Keeping a business model current is critical for long-term success.


July 2, 2014, 11:23 pm, 1295774
But delegating often turns out to be easier said than done. There are three common mistakes that entrepreneurs can make when delegating.

The first mistake is being hesitant to delegate.

When first beginning to delegate to employees, some entrepreneurs feel ...