2015년 2월 27일 금요일

Share the View 2: Man Invests, Trading Gods Laugh


Bloomberg View
Share The View
THE LATEST OPINIONS FROM BLOOMBERG VIEW

FEBRUARY 27, 2015bloombergview.com

BONDS
Mohamed A. El-Erian: "As yields on German bonds plunged further yesterday, with some maturities closing at record negative levels, the worldwide trend toward ultra-low interest rates remains largely intact. Yet the causes and implications of this movement are quite complex." Read more...

INVESTING
Barry Ritholtz: "Mr. Market will do what he is going to do, and that is unknown and unpredictable. However, what isn't unknown and is very predictable is that YOU are going to do something very foolish and self-destructive. The only variable is whether you are going to do this sooner rather than later." Read more...
Paula Dwyer: "Wall Street is wasting no time revving up its lobbying machine now that President Barack Obama has said his administration soon will propose a rule to require brokers to act as fiduciaries when advising clients on their retirement savings." Read more...

MIDDLE EAST
The Editors: "Yemen teeters on the brink of economic collapse and civil war. After being held captive for three weeks by Houthi rebels, President Abdurabuh Mansur Hadi has escaped from Sana'a, the capital, to Aden, in the country's south, where he is rallying support to restore his government. If his country now splits, or falls into sectarian strife, the clear winner will be al-Qaeda in the Arabian Peninsula, which thrives amid chaos in Yemen."Read more...

UKRAINE CRISIS
Mark Whitehouse: "Even as its conflict with Russian-backed secessionists festers, the Ukrainian government is facing a growing threat on the economic front: a sovereign debt burden that is rapidly becoming unbearable." Read more...

DECLASSIFIED
Josh Rogin: "With the White House reportedly trying to negotiate a 10- or 15-year deal on Iran's nuclear program, Republican leaders in Congress are threatening to unravel the agreement much sooner -- during President Barack Obama's final months or soon after he leaves office." Read more...

BANKING
Mark Gilbert: "Some of the world's biggest banks are starting to acknowledge that size isn't everything. It's a welcome development in the effort to solve the 'too big to fail' problem." Read more...

REAL ESTATE
Jonathan Miller: "The real-estate agents who stuck around after the housing bust are now enjoying a rare sweet spot as rising sales and prices boost the average commission per transaction. ... One thing to keep in mind: The business is made up of haves and have-nots. My guess is that 20 percent of the real-estate agents account for 80 percent of all sales." Read more...

TRANSPORTATION
Gilbert: "A battle over jobs is at the heart of Ireland's rejection of a bid from International Consolidated Airlines Group for Aer Lingus, the partially state-owned airline. The jobs at risk, though, are those of the country's politicians, rather than the airline's employees." Read more...

ASIAN ECONOMY
William Pesek: "News that an affiliate of the Hyundai Group may be bidding for New York's NYLO hotel is but the latest sign South Korea may have caught the overseas property bug." Read more...

INDIA
Dhiraj Nayyar: "For all the attention being showered on the Indian budget set to be unveiled on Saturday, there are limits to what any national leader -- even one as powerful and charismatic as Prime Minister Narendra Modi -- can accomplish in sprawling India." Read more...
Chandrahas Choudhury: "The annual budget is rarely where the most interesting or candid thinking about the state of the economy is to be found. Rather, the budget often serves as the stimulus for alternative views of government spending, taxation and enterprise that emerge in response to it." Read more...

NEWS ROUNDUP
Jonathan Bernstein (Read the news roundup)
  • New research on how conservatives and liberals sometimes discount science, from Erik C. Nisbet and R. Kelly Garrett at the Monkey Cage:Read more...
  • Sarah Posner at Religion Dispatches on Republican rhetoric about Barack Obama's religious beliefs: Read more...
  • Washington Monthly's Ed Kilgore on what Carly Fiorina is doing running for president: Read more...
Ritholtz (Read the news roundup)
  • America's trading desks are imploding. Read more...
  • On the Extremes: Don't take a permanent bearish directional bias on life.Read more...
  • Something economists thought was impossible is happening in Europe:Read more...
Katie Benner (Read the news roundup)
  • Buzzfeed's Mat Honan says that the FCC's net neutrality decision ushers in a new age of mainstream Internet politics. Read more...
  • Aereo had expected to get $4 million to $31 million for the assets that it sold in a bankrupty auction, but the company got less than $2 million, Bloomberg News reports. Read more...
  • Late-stage private deals could mean less diligence and more risk, argues the Financial Times. Read more...

MONEY STUFF
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