Economics Roundtable

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.

Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).


Looking Up At 2001

In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.


Click on the chart for a larger version.


November Payroll Employment


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.


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The Entrepreneurial Mind

”... with Dr. Jeffrey R. Cornwall”


January 30, 2012, 5:27 pm, 947297
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 ...


January 30, 2012, 7:27 am, 947152
"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 ...


January 25, 2012, 11:31 am, 945660


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 ...


January 16, 2012, 7:27 am, 942100
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 ...


January 2, 2012, 11:27 am, 937226
One of the biggest mistakes I made during my days as an entrepreneur was raising too much money.

Because our business was successful, we had investors eager to offer us money. But by taking money when we really did not need ...


December 29, 2011, 7:27 am, 936184
Jeff Wuorio shares a collection of 2011 lessons learned from various entrepreneurs that he posted at Business on Main.

Here are two of my favorites:

"The biggest lesson I learned in 2011 was for our business to question our ...


December 27, 2011, 11:26 am, 935575
Don't think you can win taking on the big box retailers?  See how the Toy House in Jackson, Michigan has found a way to compete and hold off the category killer at this video clip from Business on Main.  Note that ...


December 19, 2011, 1:26 pm, 933160
A student come up to me before class the week before their business plans were due this past semester looking very dejected.  

"My concept just can't work," she said.  The more she tried to pivot the business model, the more ...


December 7, 2011, 9:26 am, 928645
One of our recent alums, Gabe Simon, is a member of the Kopecky Family Band.

The key to their business model, which Gabe worked on in our program, is to build a strong, loyal following that has a sense of ...


December 7, 2011, 9:26 am, 928644
Politicians have been searching for a defining issue to crystallize the "us versus them" game that has been going on in Washington for the past several years.

The latest is the temporary $1,000 payroll tax cut that is set to expire ...