Share the View 2: What the Fed Will Do

Share The View

THE LATEST OPINIONS FROM BLOOMBERG VIEW

MARCH 13, 2015 bloombergview.com

BANKING Mark Gilbert: "It's taking so long to reform what is clearly a bonkers system because governments quite like having captive buyers for their debt, even if it makes the world a riskier place. But with the euro bloc's hopes riding on QE goosing the economy, this might be an unmissable opportunity for reform." Read more... CURRENCY Justin Fox: "When there's a significant currency move like the dollar's rise against the euro over the past couple of weeks, it tends to be discussed in near-apocalyptic language. We are witnessing the euro's 'collapse,' or maybe its 'demise,' at the hands of a 'rampant U.S. dollar,' to borrow the words of one especially dramatic currency analyst. Demise? Really?" Read more... DECLASSIFIED Josh Rogin and Eli Lake: "The war against Islamic State has killed thousands of fighters and even some mid-level battlefield commanders, but the organization's senior leadership and nerve center remain largely untouched, according to U.S. military and intelligence officials." Read more... FEDERAL RESERVE Mohamed A. El-Erian: "After reacting this week to the beginning of the European Central Bank's quantitative easing program, markets are shifting their attention to the U.S. Federal Open Market Committee meetings on Tuesday and Wednesday. Yet unlike the ECB's QE program that is bolstering both stock and bond prices in Europe, the Fed isn't likely to send a clear signal." Read more... INVESTING Gilbert: "Strange things happen in quantum physics, science's attempt to analyze and explain what happens at the micro-level of the universe. Schrodinger's cat can be both alive and dead; entangled particles can manifest what Albert Einstein called 'spooky action at a distance.' As Europe is currently proving, the bond market can be just as paradoxical once interest rates drop below zero." Read more... EDUCATION The Editors: "Recently, a movement has sprung up around a simple but compelling idea: requiring high school students to pass the same citizenship test given to immigrants. ... Critics of the test worry that states could use it as a replacement for civics classes, but there is no reason why the two can't coexist." Read more... BARACK OBAMA Jonathan Bernstein: "If Hillary Clinton wins the White House next year, should Barack Obama be her first Supreme Court pick?" Read more... CULTURE Stephen L. Carter: "I had hoped to retire my Irascible Grammarian hat. Alas, the decline of the English language has continued apace, and so once more I find myself called to the barricades. Today's battle is waged on behalf of the collective noun." Read more... NEWS ROUNDUP Bernstein (Read the news roundup) John Sides at the Monkey Cage explains why we should ignore the early presidential nomination polls. Read more... Excellent Jonathan Chait item relating recent political science research on the parties to the missing Republican bill to replace Obamacare: Read more... Nice Greg Sargent point on the Loretta Lynch confirmation fight: Read more... Barry Ritholtz (Read the news roundup) On its one-year anniversary, Michael Lewis reflects on "Flash Boys":Read more... Have oil prices hit their floor?: Read more... Michael Jordan is now a billionaire after increasing stake in Hornets:Read more... Katie Benner (Read the news roundup) Google discontinued its Nexus 5 smartphone. It also shut down its Google Code project. Read more... Intel shares sank after it said that first-quarter sales could be more than $1 billion lower than expected, reports Bloomberg. Read more... Netflix had about 36 percent of the U.S. video streaming market last November, followed by Amazon Prime with 13 percent and Hulu Plus with 6.5 percent, reports the New York Times. Read more...