Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.

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.


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Outside the Beltway

March 18, 2015, 10:34 am, 1441270

A Facebook friend posted this Irish Central story (“Irish American buys all of Walmart’s offensive t-shirts, will return them March 18“) on her wall:

Kevin Westley has an inventive solution to the annual issue of offensive Irish ...

March 10, 2015, 10:34 am, 1436668

The CSM report “Wisconsin Governor Walker signs bill gutting organized labor” caught my eye this morning, which indicates that the headline writer did their job. The headline is nonetheless ...

March 6, 2015, 10:34 am, 1434785

Heading into today’s release of February’s Jobs Report, there was some anticipation that a month of cold, snowy weather in the MidWest and along the East Coast would cause the numbers to fall away from the strong ...

February 24, 2015, 6:34 pm, 1428271

As expected, President Obama has vetoed the bill that would have fast-tracked the Keystone XL pipeline:

WASHINGTON — President Obama on Tuesday vetoed a bill to approve construction of the Keystone XL oil pipeline, rejecting an ...

February 6, 2015, 10:34 am, 1417673

January’s employment report is often a difficult one to gauge in advance because it happens to be the month that the Bureau of Labor Statistics introduces its new round of statistical revisions for the coming year, which in itself ...

February 2, 2015, 6:34 pm, 1414817

Once again, the Super Bowl broke .viewership records to become the most watched television broadcast in history:

Super Bowl XLIX surged to break multiple records on Sunday night, raking in 114.4 million viewers to become the ...

January 26, 2015, 6:34 pm, 1410272

The head of Blackberry thinks he’s found the solution to his company’s problems, get the government to force companies to make apps for Blackberry phones:

At this point, BlackBerry and Windows Phone fans are probably used to ...

January 20, 2015, 10:34 am, 1407203

The global charity Oxfam is making itsusualround of headlines with its annual report showing rising inequality. Most are focusing on the meme that the richest 1% own more than the rest of the world, the ...

January 13, 2015, 12:34 pm, 1403626

The price of oil continues to fall:

LONDON — Oil prices continued to swoon on Tuesday, tumbling about 3 percent in early trading after dropping more than 5 percent on Monday.

Brent crude, the main international benchmark, was down about 2.7 ...

January 11, 2015, 10:34 am, 1402407

As last week ended, a vote in the House of Representatives and a decision from the Nebraska Supreme Court seemed to advance the cause of those who favor building the Keystone XL pipeline:

The House voted Friday to ...