Subject: Share the View: Be Patient, Fed
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 30 Apr 2015 05:01:07 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Apr 30, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2jtac.=6kq/VQoHU0mOo5ZTeiFgB357e" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">WALL STREET

Matt Levine: "One rule of thu=b of financial engineering is that it can't be too obvious that the transa=tion that you're doing is a purely regulatory transaction. ... If you make=it too obvious that your transaction is about getting around rules, that's=the sort of thing that the SEC doesn't like." Read more...

FEDERAL RESERVE

Mohamed A. El-Erian: The Fede=al Reserve Board's comments Wednesday "support the view that the rate-incr=ase cycle it intends to embark on will constitute the loosest tightening i= its modern history: an uncertain start, a shallow path and a terminal poi=t below historical averages. The reasons for this are both domestic and fo=eign, and the longer-term implications are unusually uncertain." Read more...

U.S. ECONOMY

The Editors: "The U.S. Federa= Reserve indicated Wednesday that it is willing to wait a few more months =- and possibly longer -- before pulling back further on economic stimulus.=Judging from the latest data on output and inflation, patience is absolute=y the right policy." =ead more...

CITIES

The Editors: With the world w=tching Baltimore, "the mayor and governor need to start restoring public c=nfidence in the city by demonstrating that it is a safe place to work, vis=t and, not incidentally, see a ballgame." Read more...

CIVIL RIGHTS

Megan McArdle: "The problems =n Baltimore's policing are clear, and the city needs to begin the hard wor= of fixing them. The problems of urban ghettos that send more kids to pris=n than to college are also clear, though unfortunately harder to solve. Bu= solutions will not get easier if we embrace rioting as the voice of the o=pressed." Read more..=

ASIAN ECONOMY

William Pesek: Samsung "has n=ver managed to create any game-changing product -- a Korean-made Walkman o= iPhone, say -- that would grant it protection from currency fluctuations.=The company has found plenty of success in the unsexy business of making s=pplies for competitors, including Apple, but that's not the sort of reputa=ion that allows it to charge consumers a premium." Read more...

GAY RIGHTS

Noah Feldman: "It’s p=etty unusual for oral arguments at the U.S. Supreme Court to be interrupte= by a protester -- but that happened Tuesday during the gay-marriage case.=... The protester certainly didn’t mean to help the cause of gay m=rriage. But he did." =ead more...

SPORTS

Kavitha A. Davidson: "The nat=onal anthem played to deafening silence Wednesday afternoon in an empty ba=lpark in downtown Baltimore, a fitting image for a city divided and a team=that's unwittingly found itself a gauge for public sentiment. Or so the ne=s media would have you believe." Read more...

DECLASSIFIED

Josh Rogin: "If Iran strikes = deal with the West, all sanctions will be lifted very quickly and there=E2��s nothing the U.S. Congress can do to stop it, Iranian Foreign Min=ster Mohammad Javad Zarif told a New York audience Wednesday." Read more...

ENVIRONMENT

Justin Fox: "Drive down Inter=tate 5 along the west side of California’s San Joaquin Valley and =he signs of drought are everywhere. ... The desertification of California =arm country is upon us! Well, not quite." Read more...

2016 ELECTIONS

Jonathan Bernstein: "Why are =e seeing a resurgence of successful presidential candidates who aren't cur=ently holding public office? The heart of the question is whether it's jus= a fluke or if it means the nomination process itself is changing."=Read more...
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