– Unamused defines "conservative"
– Yglesias thinks that normal people shouldn’t have to invest. Of course, this is true. Unfortunately, we live in a world where policies are controlled by people like Yglesias, who support inflation. Therefore, you have to invest your savings or they will slowly (or not so slowly) disappear. We are all investors now, whether we want to be or not. (Also, a balanced portfolio hasn’t been hard to achieve on the cheap for a least a decade or two now).
– Simon Grey thinks the Fed is done with QEs thanks to political pressure. Unfortunately, it appears that the Fed is just responding to political pressure by changing the way it conducts bailouts. As I’ve said repeatedly, the bureaucracy is almost entirely immune to the sort of political pressure that Simon is referring to.