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

April 19, 2015, 4:34 pm, 1457947

After the new trailer forStar Wars: The Force Awakens was released on Friday, Disney’s stock price skyrocketed:

A group of analysts who got a 20-minute preview of “Star Wars” a few weeks before the film’s ...

April 18, 2015, 8:34 am, 1457625

Finally, The Hill has unearthed a story that makes me care about Hillary Clinton’s lunch choices.

Do you tip at fast food restaurants?

It’s an ethical dilemma tailor made for HBO’s “Curb Your Enthusiasm” and thrust ...

April 6, 2015, 6:34 pm, 1451394

Republican legislators in Missouri are pushing a bill that would prevent people receiving assistance under the SNAP program, which is still popularly known as “food stamps” even though they don’t use stamps anymore, from purchasing so-called ...

April 3, 2015, 10:34 am, 1450268

CNN sent out a Breaking News alert a few minutes ago with the lede,

In a setback, the U.S. economy gained 126,000 jobs last month, much worse than expected.

Overall, the American economy has taken some hits this year due to ...

April 1, 2015, 10:34 am, 1449068

Over the past week or so, I’ve seen several people online commenting about a story that appeared inConsumerist that tells the story of Seth, a guy who was allegedly screwed over by a cable company:

Only months after ...

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 ...