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Monetary Policy in US - The Pent-Up Wage Deflation hypothesis

Yellen, speaking at the Fed’s annual symposium in Jackson Hole, Wyoming, last week, again cited low wage growth as evidence that the labor market is weaker than the 6.2 percent unemployment rate suggests and that interest rates should therefore stay low. 800 more words

In The News

The Laws of Economics.

The laws of economics cannot be destroyed by governments.

But often in the course of human history governments have been destroyed by them.

 

Wickersham Commission

USA

Newborn found in neighbor's garbage, not fed for days

KEARNS, Utah (KSTU) – Authorities say a newborn is in critical condition after being found in a garbage can early Tuesday morning.

According to KSTU, Det. 109 more words

News

Cliff Climbing

Yesterday I pointed out key trend line resistance in the $SPX with more room to run higher, but running into a wall of confluence near 2010-2020. 828 more words

SPX