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| THE LATEST OPINIONS FROM BLOOMBERG VIEW | ||
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| INVESTING A. Gary Shilling: "Copper prices are down 41 percent from their 2011 peak and probably have a lot further to go. So why are copper producers ignoring all the obvious economic signals -- lower demand, excess supply and falling prices -- and ratcheting up production?" Read more... ECONOMICS Noah Smith: "One of the biggest things that economists get grief about is their failure to predict big events like recessions. ... Maybe now, with the ascendance of empirical economics and a decline in theory, we'll see a focus on producing fewer but better theories, more unification, and more attempts to make novel predictions." Read more... Mark Gilbert: "With the gap between 10-year borrowing costs in Germany and the U.S. at the widest in a quarter of a century (Treasuries yielding 2.1 percent and German bunds only 0.4 percent), investors are clearly saying they see an economic rebound in America, and the risk of a recession in euro land. But the economic evidence in favor of a turnaround in the euro region is growing." Read more... OIL Mohamed A. El-Erian: "Last summer, after an unusually long period of relative stability, oil prices embarked on a downward journey, decreasing by half in just six months. In the last few weeks, however, the market has worked on establishing a floor, enabling prices to regain some of the lost ground. Even so, they are unlikely to return to $100 a barrel soon." Read more... TRANSPORTATION Marc Champion: "Britain has sold its 40 percent stake in the high-speed Eurostar train service between London, Paris and Brussels for a healthy 757 million pounds ($1.15 billion). ... Why doesn't France's state-owned SNCF sell its 55 percent stake, too?" Read more... RUSSIA Leonid Bershidsky: "Perhaps it should come as no surprise that a Russian billionaire seeking to invest capital beyond President Vladimir Putin's reach and against his public advice has run into trouble. Less understandable is that the problems are being created by the British government, not Putin." Read more... CHINA William Pesek: "China's decision to lower its annual GDP growth target to 'around 7 percent' -- the lowest level in 15 years -- is understandably dominating the headlines this morning in Asia. ... It's also a useless, if not counterproductive metric." Read more... HEALTH-CARE REFORM The Editors: "The U.S. pharmaceutical industry's concern about a law that let Maine residents buy prescription drugs from Canada is a little odd. There's no evidence that medicines from Canadian pharmacies pose any greater safety risk than those bought in the U.S. Yet industry trade groups last week persuaded a judge to overturn the law." Read more... Ramesh Ponnuru: "Opinions about the big Obamacare case the Supreme Court heard this week are highly polarized. But the court could find a way to split the difference between the conservative and liberal readings of the law -- and that might be the worst of all worlds." Read more... Timothy Jost: "The chances of Obamacare surviving its latest legal challenge seem much brighter after Wednesday's oral argument at the Supreme Court." Read more... EUROPEAN ECONOMY Gilbert: "So far this year, at least 19 countries have cut their official central bank interest rates. The Federal Reserve, however, seems on track to raise its benchmark rate later this year. Is the U.S. economy really robust enough to require tighter monetary policy when the rest of the world is clearly still worried about the outlook for global growth?" Read more... NEWS ROUNDUP Jonathan Bernstein (Read the news roundup)
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2015년 3월 8일 일요일
Share the View 2: How Economists Fail
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