“Wake up, people.”

“And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It won’t last. If we don’t do something to fix the glaring inequities in this economy, the pitchforks are going to come for us. No society can sustain this kind…

This Week on TRB

Federal Reserve Chair Janet Yellen, right, arrives for a dinner during the Jackson Hole Economic Policy Symposium at the Jackson Lake Lodge in Grand Teton National Park near Jackson, Wyo. Thursday, Aug. 21, 2014. – AP These were the most read posts on TRB this week, in case you missed them: When “Process” Meets the Real…

Chart o’ the Day: Have Flat Markets Been Outlawed?

The below chart comes from Mike Harris at his Price Action Lab blog and I find the question it asks to be absolutely fascinating: He’s showing you that every pause in the US stock market over the last few years has been a quick drop and recovery, with almost no periods of consolidation (a flattening…

Janet Yellen: Three Reasons Wage Trends Can’t Be Trusted

Janet Yellen is speaking now from the Kansas City Fed’s junket in Jackson Hole. The Federal Reserve has released the full text of her address and on the surface, it appears dovish enough (which was the expectation). I thought this bit on recent trends in wages was interesting – hard to have inflation in the absence…