Economics Roundtable

Database Maintenance 7/4/15

Routine database maintenance will induce some duplicated items for the next day or two.

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

July 28, 2015, 8:34 am, 1516834

An unsigned American Interest article titled “Red States Eat Blue States’ Lunch” reports,

The West and the South—not California or the Northeast—are apparently the places to move these days. In ...

July 25, 2015, 2:34 pm, 1515670

But all those nice men on the tee-vee and radio told me that gold was where I should be putting my money.  Oh dear.

(That and all the Austrian economists and their predictions of hyper-inflated doom).



July 17, 2015, 4:34 pm, 1511253

July 14, 2015, 10:34 am, 1508842

Megan McArdle wonders why the Europeans are seemingly so concerned about the future of Greece:

To answer the question about why the euro zone would want to hold onto Greece, I think you have to ...

July 13, 2015, 10:34 am, 1508158

European leaders and the Greek government have reached an agreement regarding Greece’s debt problems that bears a lot of similarities to the deal that Greek voters rejected just a week ago in a nationwide ...

July 9, 2015, 12:34 pm, 1506343

July 8, 2015, 2:34 pm, 1505743


While the world’s attention is focused on Greece, China’s stock market has been crashing for the past month:

SHANGHAI — Stock prices in mainland China fell sharply again on Wednesday, despite another series of government ...

July 7, 2015, 4:34 pm, 1505136

In the wake of the impressive win of the U.S. Women’s National Team on Sunday, Mary Pilon at Politico raises a point that I’ve seen repeated in other venues over the past two days, namely that ...

July 5, 2015, 6:34 pm, 1503891

Greek voters went to the polls today and overwhelmingly rejected the bailout deal that had been proposed by European officials, likely setting their nation up for further economic turmoil:

ATHENS — Greeks delivered a shocking ...

July 2, 2015, 12:35 pm, 1500695

The June Jobs Report, released a day early today due to the impending 4th of July Holiday Weekend, follows the pattern of many recent reports in that it is good news, but hardly anything spectacular:

Total nonfarm payroll ...