Subject: Share the View 2: Pimco Loses Its Mojo
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 7 May 2015 12:27:22 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

May 07, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2kvsl.=5xj/VP9kIkmOpoExRQKUB5ad0" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Investing

Noah Smith: "The Efficient Ma=kets Hypothesis isn't right; fund managers can beat the market consistentl= (although less and less as they manage more money). In fact, the average =und manager will beat the market consistently, before fees. But when the f=nds are young and small, investors don’t know which ones are the m=rket-beaters." Read m=re...

National Security

Noah Feldman: "Reports of Ger=an spying on European corporate targets at the behest of the U.S. have led=to calls that Chancellor Angela Merkel was hypocritical for complaining ab=ut U.S. spying on Germany. ... What’s more striking about the rece=t revelations is their targets -- and what they say about U.S. government =laims that it doesn’t spy on behalf of private U.S. corporations."=Read more...

Sports

Kavitha A. Davidson: "As foot=all's concussion crisis continues to linger, it has also bolstered the gro=ing field of sports medicine, which is addressing the need for more study =n brain injuries in sports. It's important to keep a skeptical eye on who'= conducting the research and who's funding it." Read more...

Europe

Leonid Bershidsky: "The Greek=government just pushed a law through parliament to rehire some of the publ=c sector employees dismissed as part of previous creditor-dictated reforms= That's a strange move for a government already struggling to meet the exi=ting public payroll, but to anyone familiar with post-Soviet economies, it=s just a flashback." =ead more...

U.K.

Mark Gilbert: "One of the odd=st features of this most fractious of U.K. elections has been the apparent=y blase attitude of investors, who are typically allergic to uncertainty. =ow a weird data revision from the Bank of England suggests the somewhat ee=ie calm in U.K. markets might not persist if the outcome of today's voting=matches opinion polls by producing no clear winner." Read more...

India

Dhiraj Nayyar: "India�=99s long-awaited move to a genuine single market took a gigantic step forw=rd on Wednesday when the lower house of Parliament passed a constitutional=amendment that would make possible the introduction of a nationwide goods-=nd-services tax (GST) from April 2016. ... This being India, of course, th=re are reasons to be cautious." Read more...

News Roundup

Katie Benner

DJI raised $75 million from Accel Partners in a deal that =alues the Chinese drone maker at $8 billion. Read more...

Zynga reported a smaller-than-expected quarterly loss and =aid it plans to lay off about 18 percent of its employees, or about 364 pe=ple. Read more...

Alibaba's quarterly earnings and revenue beat Wall Street =stimates, and revenue jumped 45 percent. Read more...

Early Returns

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