Thus spake Yellen. Fischer confirms she is serious. September is on. GDP revised down; look for ponies. Trade gap narrows. Why nobody invests in the US? Herbalife twist. Amazon v Rackspace. Just take a pill. Financial Review by Sinclair Noe for 08-26-2016 DOW – 53 = 18,395 SPX – 3 = 2169 NAS + 6 = 5218 10Y + .06 = 1.62% OIL – .04 = 47.29 GOLD – .90 = 1321.70 Federal Reserve chair Janet Yellen delivered a speech at the Jackson Hole Economic Symposium this morning. Here’s what she said, the key point: “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months.” Yellen said the Fed expects “moderate growth” in gross domestic product, additional strengthening in the labor market and inflation rising to 2% over the next few years. She said that any decision on interest rates “always depends on the degree to which incoming data continues to confirm the Fed policy committee’s outlook.” Yellen spent the bulk of her speech discussing the potential need to add new tools to the Fed’s toolkit to combat the next recession given that interest rates remain so low. Yellen said the “U.S. economy was nearing the Federal Reserve’s statutory goals of maximum employment and price stability.” In the past, Yellen has been dovish; in no hurry to raise rates; and she wasn’t ...