2015년 3월 7일 토요일

Share the View 2: A "Wow" Jobs Report


Bloomberg View
Share The View
THE LATEST OPINIONS FROM BLOOMBERG VIEW

MARCH 6, 2015bloombergview.com

U.S. ECONOMY
Mohamed A. El-Erian: "Although it isn't blemish-free, the 'wow' jobs report released this morning confirms that the U.S. labor market is continuing an impressive, if not historic, favorable run." Read more...
The Editors: "Encouraging as the U.S. job market may be, its strong recovery presents a challenge for the Federal Reserve: If companies start paying workers more, at what point should the Fed begin increasing interest rates to guard against inflation? So far, the evidence suggests the Fed is right to be patient." Read more...
Barry Ritholtz: "No one monthly report matters very much. Rather, it is the trend of job loss or creation that matters. Toward that end, I will ignore this month's release and discuss what has been going on during the past 12 months." Read more...

ECONOMICS
Noah Smith: "I share many of the liberal concerns about the plight of the middle class. But I'm deeply skeptical of the idea that it's time for a move back toward corporatism." Read more...

CIVIL RIGHTS
The Editors: "The 50th anniversary of Bloody Sunday, the attack on blacks marching to secure the right to vote in Alabama, has inspired a popular new movie and an Oscar-winning song. But it has not provoked much new thinking about the future of voting rights." Read more...
Francis Barry: "President Barack Obama will deliver what could be the most important civil rights speech of his presidency on Saturday. But the most powerful words he can utter aren't about race." Read more...

CURRENCY
A. Gary Shilling: "Group of 20 finance officials recently pronounced that the deliberate weakening of one's currency in pursuit of domestic growth is acceptable, while devaluation to gain a foreign-trade advantage is not. I fail to see the distinction." Read more...

DECLASSIFIED
Josh Rogin and Eli Lake: "As secretary of state, Hillary Clinton repeatedly criticized other governments for not living up to high standards of openness and transparency with their citizens, while shielding her own e-mails from the U.S. archives." Read more...
Rogin: "The State Department's special envoy for Syria, Daniel Rubinstein, plans to move on, raising further concerns about the Obama administration's commitment to resolving the conflict, beyond just fighting Islamic State." Read more...

TECH
William Pesek: "The future of Sony, a $32 billion giant, may turn on $50,000. That's how much a crowdfunding initiative championed by Chief Executive Officer Kazuo Hirai had raised as of Thursday for a new technology that seeks to empower would-be inventors." Read more...

UKRAINE CRISIS
Leonid Bershidsky: "The world's worst-performing currency this year, the Ukrainian hryvnia, has bounced back 47 percent since last week's precipitous plunge. It's tempting to conclude Ukraine has pulled back from the brink of financial disaster." Read more...

2016 ELECTIONS
Jonathan Bernstein: "Want to see real media bias? It's coming -- in the form of trying to stir up a genuine fight for the Democratic presidential nomination." Read more...

LATIN AMERICA
Mac Margolis: "Staggered by $135 billion in debt and scandal, Brazilian state-run oil giant Petroleo Brasileiro SA has announced plans to offload some $13.7 billion in assets. Officials claim this is not a plan to raffle the jewel of the government crown. Instead, think fire sale, a maneuver to raise cash and keep creditors at bay." Read more...

NEWS ROUNDUP
Ritholtz (Read the news roundup)
  • Number of ultra-rich swells to almost 173,000: Read more...
  • Apple found its newest billboards on the Internet: Read more...
  • U.S. strategy in Iraq increasingly relies on Iran: Read more...
Katie Benner (Read the news roundup)
  • FitStar, a digital fitness platform, will be acquired by Fitbit. Read more...
  • Nextdoor's $210 million funding deal shows just how big late-stage rounds have gotten, Bloomberg reports. Read more...
  • Xiaomi says that shipments will grow by 30 percent and revenue will reach at least $16 billion, the Wall Street Journal reports. Read more...
Bernstein (Read the news roundup)
  • At the New West, Zachary Callen looks at the complexities of federalism.Read more...
  • The Atlantic's Ta-Nehisi Coates on Ferguson: Read more...
  • Howard Gleckman at the Tax Policy Center on the good -- and the bad -- of the Lee-Rubio tax reform plan: Read more...

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