Subject: Share the View 2: Waiting for Disruption
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Date: Thu, 4 Jun 2015 12:43:30 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Jun 04, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2oj68.=2sa/VQoHU0mOo5ZTeiFgBb61e" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Wall Street

Matt Levine: "People are worr=ed about bond market liquidity, is the point I'm trying to make here. Shou=d they be? I don't know. ... When I first wrote about this a few months ag=, I said that I was looking around for a framework for thinking about the =ssue, and these observations might add up to a very rough framework." Read more...

Work

Justin Fox: "There’s = tension between the broader talk of tech-fueled economic change and disru=tion and the less-than-impressive evidence in economy-wide growth, product=vity and business-dynamism data. Disruption is everywhere, it seems, excep= in the economic statistics. But maybe the statistics are missing out, or =e’re just very early in the transformation." Read more...

U.S. Economy

Mohamed A. El-Erian: "It has =ecome increasingly difficult to reconcile different sets of data to form a=coherent and decisive picture of the U.S. economy. Nowhere is this problem=more evident and consequential than when comparing the contrasting develop=ents in job creation (which has been robust) and the sluggish gross domest=c product and wage growth. The jobs report for May that will be released F=iday won’t clarify the whole picture, though it could provide some=clues." Read more...<=a>

China

Noah Smith: "Expect China�=80�s slowdown to be a stumble, not a fall. China will probably recover t= something like its recent 7 percent growth rate in the latter part of thi= decade and much of the 2020s. The country has one big run left in it." Read more...<=p>

Thomas J. Christensen: "While=China’s buildup indeed creates security challenges for the U.S. an= its Asian allies, the consequences are more subtle and complicated than s=me alarms would suggest. Despite its quickly increasing defense budgets in=the last 20 years, China still lacks the ability to project combat power i= a sustained way far from its shores, and the U.S. maintains full-spectrum=military superiority, even in East Asia." Read more...

Russia

Leonid Bershidsky: "Chatham H=use, the U.K. Royal Institute of International Affairs, has published a 58=page report on 'The Russian Challenge' that's full of excellent insights a=out the ideological roots, methods and economic peculiarities of President=Vladimir Putin's regime. ... Even so, the paucity of constructive suggesti=ns in the report shows how Putin has succeeded in locking both Russia and =he West into an unproductive tug of war that resolves nothing." Read more...

2016 Elections

The Editors: On paper, Rick P=rry is a strong candidate. "He grew up in humble circumstances to become g=vernor of the second-largest state. During his record 15-year tenure, Texa=’s economy boomed, with job growth far outpacing growth in the res= of the nation. This 'Texas Miracle' helped make Perry a front-runner in t=e 2012 campaign. It’s still a great story, but this time he�=99ll have to do a better job of telling it." Read more...

Jonathan Bernstein: "Some thi=gs in elections are difficult to predict, but the cycle of enthusiasm for =residential nominees isn't one of them. It's real, foreseeable and practic=lly irresistible." Re=d more...

News Roundup

Katie Benner (Read the news roundup)

Coupang, a Korean e-commerce company, just received a $1 b=llion investment from SoftBank that values the company at around $5 billio=. Read more...<=span>

Postmates is raising more than $50 million in a round led =y Tiger Global that should value the company at around $400 million. Read more...

Felix Capital has raised $120 million to fund fashion and =ifestyle companies, and its backers include the European Investment Fund, =nilever and Facebook executives David Marcus and Julien Codorniou. Read more...

Barry Ritholtz (Read the news roundup)

What you need to understand about Dow Theory: Read more...

Meet the new generation of robots for manufacturing: Read more...

Vienna meeting amounts to a counseling session: Read more...

Early Returns

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