Bloomberg View

7 Magazines | 51,470 Followers | @BloombergView | Opinions on everything from the editors and contributors of Bloomberg View. 

Tulip Mania and the War on Science

Here are your longer-form weekend reads.<p>The weekend is here! Pour yourself a mug of coffee, grab a seat by the fire and get ready for our longer form weekend reads:<p>• Tulip mania: the classic story of a Dutch financial bubble is mostly wrong (The Conversation)<p>• Should You Dollar-Cost Average? …

Flirting

One Question Investors Should Ask Now and Then

The answer might reveal flaws in your thought processes.<p>How committed are you to a belief system?<p>Answering that question has the potential to reveal flaws in our thought processes about many things, from politics to economics to cultural issues. Whether you are committed to one big idea, or are …

Investing

Lying to Investigators Shouldn't Be a Crime

Everyone from President Trump to a petty thief is at the same disadvantage when talking to prosecutors.<p>Former federal prosecutor Ken White created a stir with his recent argument at Reason.com that neither President Donald Trump nor anyone else should voluntarily meet with investigators. By anyone …

Corruption

Driverless Cars Could Save American Lives

Rural roads are the most dangerous in the country. Making them safer is a matter of public health.<p>This week, the London Assembly’s Transport Committee reported on the city’s approaches to new transportation technologies, concluding that connected and autonomous cars “won’t be on the road until the …

Autonomous Vehicle

Markets Confront Death by a Thousand Cuts

There are no excessive bubbles that could burst and lead to a recession, but that doesn't mean the road ahead is all clear.<p>Stocks have been on a wild ride, with the Dow Jones Industrial Average dropping 10.4 percent from its peak on Jan. 26 to the Feb. 8 trough, before recovering about half those …

Stock Markets

Take the State Department Off the Chopping Block

Trump's cuts to foreign-policy spending amount to diplomatic disarmament.<p>President Donald Trump's latest proposal to eviscerate the State Department's budget may already be dead on arrival in Congress. It's nonetheless a reminder of how the administration's failure to take diplomacy seriously is …

Barack Obama

How Low Will Retail Go? Look at the Railroad

Brick-and-mortar stores are disappearing. But they won't completely vanish.<p>It’s hard to find anyone optimistic about the future of conventional retail as internet giants like Amazon continue to accumulate customers. But where’s the bottom? There is a helpful parallel -- just not an obvious one -- …

Economics

Three Question Marks for the Trump Economy

Global growth and reductions in consumer debt provide a cushion. But keep an eye on taxes, trade and regulation.<p>No president is responsible for the economy, whether good or bad, in his first year in office. So when commentators this year leap to judge Donald Trump's economic record, whether based …

Economics

Short-Sale Death Threats Are a Bad Idea

Also missing pensioners, unexpected volatility, dual-class stock, moral arbiters, bond market liquidity and Bitcoin-exchange problems<p><b>Can you send death threats over the internet if you're only threatening metaphorical death via activist short-selling?</b><p>This is not legal advice, but I have to say it …

Smith & Wesson

Republicans Should Reconsider Ike's Legacy

Jonathan Bernstein's morning links.<p>With Washington's Birthday coming up -- whether you call it Presidents Day or any variation of that, that's what it is -- a new poll asks Americans what they think of modern presidents (except for Harry Truman, who I guess has passed out of recent memory). The …

Dwight D. Eisenhower

Gun Companies Need This Gun-Control Measure

"Smart Guns" are the exciting new product that the industry needs to revive lagging sales.<p>Two days before the horrific school shooting in Parkland, Florida that killed 17 people on Wednesday, Remington Outdoor Co. announced that it was filing for bankruptcy protection.<p>Remington Outdoor is the …

Guns

The 2020 Democratic Primary Is Already Out of Hand

Why are these candidates running for president instead of winnable races?<p>I'm getting extremely cranky about something happening on the Democratic side over the last several months, but I keep going back and forth about who I'm actually annoyed with: A handful of misguided politicians? Or the rest …

Martin O'Malley

Apple's Business Model Will Backfire in Self-Driving Cars

Driverless vehicles will need standardized software to one talk to one another and avoid crashes.<p>Fans of self-driving cars will have breathed a sigh of relief at the news that Uber and Google’s Waymo, two giants in the industry, have settled their intellectual-property lawsuit. This removes a huge …

Autonomous Vehicle

The Kids Have Had Enough With Thoughts and Prayers

Here are your morning reads.<p>My end-of-week morning train reads:<p>“I don’t want your condolences”: Stoneman Douglas students have had it with all the thoughts and prayers (Vice)<br>• Buy the Dip, That Old Wall Street Favorite, Comes Under Scrutiny (Bloomberg)<br>• The Economy Is Soaring, and Now So Is the …

Peter Thiel

Guyana Is About to Open Up Pandora's Barrel

Expats hold the key to whether its big offshore oil deposits bring riches -- or ruin.<p>Wedged between Brazil and Venezuela, Guyana could easily go unnoticed. It has fewer than 750,000 people and a per capita income of $4,300, half the regional average, qualifying it as the hemisphere’s third-poorest …

Oil & Gas Industry

A Russian Business Icon Sells Out to the State

Sergei Galitsky's decision to sell Magnit, and its buyer, speaks volumes about Russia's business environment.<p>Sergei Galitsky's announcement that he is selling almost his entire remaining stake in his enormous retail company to a Russian government-owned bank is perhaps the clearest imaginable …

Russia

The Rules of the Game Are Changing for Investors

Markets have all the earmarks of late-cycle dynamics, such as excessive risk taking and financial leverage.<p>Rising U.S. bond yields have shocked financial markets out of their low volatility complacency. The fragile nature of last year’s Goldilocks-like environment of strong growth and easy money …

Stock Markets

Don't Be Fooled: Russia Attacked U.S. Troops in Syria

Mattis gave Putin "plausible deniability" for a military assault that went badly awry.<p>If you've been listening just to the Kremlin and the Pentagon, you probably didn't know that Russia attacked American forces and their allies in Syria last week, suffering heavy casualties.<p>Yes, all sides admit …

Russia

Macron's Biggest Battle Is With Voter Skepticism

French voters have been burned before. This president has to prove he can deliver.<p>When Emmanuel Macron was elected French president, the conventional wisdom was that he'd only survive if his policies brought tangible economic growth. So here's the paradox Macron faces this year: While growth is …

Economics

What the Euro Zone Can Learn From the U.S.

A new study shows how much progress Europe has made, and what it can borrow from the U.S.<p>European Commission President Jean-Claude Juncker and Boris Johnson traded barbs this week over how far the EU intends to push its integration agenda. In a speech on Wednesday, the U.K. foreign secretary …

Economics

Geostrategists: Give Russia and China a Rest

Everyone loves talking about war, but fighting pollution is important to humanity, too.<p>In recent years, concern about a resurgent Russia has dominated the Western security establishment's conversations. Judging by this year's edition of the Munich Security Report, which traditionally sets the …

Russia

Let Bankers Run India's Banks

State control has enabled rather than prevented massive frauds.<p>Indian banks are being hit with one disaster after another. They are already dealing with a bad-loan problem that’s close to a crisis -- and which caused India’s largest bank to declare a quarterly loss for the first time since the …

India

China Can't Make Moviegoers More Patriotic

The best way to compete with Hollywood is to make better movies.<p>This weekend's Lunar New Year holiday ushers in blockbuster season for Chinese filmmakers. Last year, the industry earned over $500 million over the holiday, and hopes are high that a new slate of locally produced action, comedy and …

China

Oaths Matter, for the Spouses and the Officiant

A magistrate who resigned rather than perform gay weddings shouldn't be getting a payoff.<p>The state of North Carolina is paying $300,000 to a magistrate who quit rather than marry gay couples as ordered by the courts. Something is seriously wrong here. The magistrate was entitled to resign as a …

LGBTQ

The End of Gun Massacres Begins With You

A radical fringe can only dictate policy if the rest of us allow it.<p>You have the power to reduce gun violence.<p>It’s important to keep that in mind as the U.S. undergoes its maddening post-massacre ritual: digesting the news reports of a disturbed man and his unfettered access to military-grade …

Guns

The Daily Prophet: Greed Has a Better Track Record Than Fear

The plunge in stocks that greeted February was the type of event that should have scared the bejeebers out of investors. And for a nanosecond it did, …

Stock Markets

Why Gas Taxes Aren't Paying the Bills Anymore

Revenue has been in decline for decades as electric cars, better mileage and driving less cut fuel consumption. What's next?<p>As has been widely noted, the infrastructure spending plan unveiled by the White House this week doesn't include a lot of federal spending on infrastructure. This is not just …

Economics

Markets Face a New Paradigm. Get Used to It

Investors have done well in recent years to "buy the dip," but three things have changed.<p>The period of financial markets being supported by central banks' easy money policies is ending. Higher equity prices will now require evidence of stronger growth and moderate inflation, meaning it is …

Stock Markets

Zuma's Resignation Marks South Africa's Moment

If his successor can rise to the challenge, he'll advance the hopes of a continent.<p>President Jacob Zuma’s resignation is good news not just for South Africa, but also for its neighbors and the world. It offers the chance to reclaim one of history’s most momentous opportunities -- the post-apartheid …

South Africa

Nothing in the Constitution Prevents Sensible Gun Rules

Listen to Justice Scalia on the Second Amendment.<p>The use of the Second Amendment, to block consideration of sensible gun control measures, is a national disgrace. And conservatives themselves have explained why this is true.<p>For decades, conservatives have objected to the use of constitutional …

Guns