4. Scott Sumner dissents on reach for yield. I don’t think easier money will boost the American economy right now. So I think you just get a loanable funds effect and then possibly a reach for yield.
5. Peak things?
6. “The world’s longest yard sale runs for nearly 700 miles along a mostly vertical line connecting Alabama and Michigan, from the first Thursday in August through the first Sunday. It’s called the 127 Sale, since most of it takes place along US Route 127, but that road ends in Chattanooga.“