Subject: Share the View 2: Oil and the Next Recession
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 2 Sep 2015 12:35:17 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Sep 02, 2015

bloombergview.com

<= href="http://link.mail.bloombergview.com/click/5067806.13851/aHR0cDovL3=3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3Mvb2ls/55086a4c3b35d051538c37ccB07430ec=" style="text-decoration:none;color:#00b9e7;line-height:1.6em">Oil

A. Gary Shilling: "If oil pri=es take another dramatic slide, as I believe they will, who wins and who l=ses? And could plummeting oil prices sow the seeds of the next recession?"=/span> Read more...

Refugees

The Editors: "Hungary's respo=se to Europe's refugee crisis has been shaped more by domestic populist po=itics than by good judgment -- and the results have been shocking and disg=aceful. The European Union as a whole, though, hasn't done much better. Th= disarray in Hungary shows the urgent need for a reassessment, and not jus= in Budapest." Read more...

Economics

David Lay Williams: "Although=their solutions differ considerably, both Democratic and Republican presid=ntial candidates have acknowledged the existence of economic inequality an= the need to address it in some fashion. As French economist Thomas Pikett= has outlined, the issue is a stubbornly pervasive condition in modern eco=omies. This is understood by much of the public today. What is less well-k=own is that the seminal advocate for the free-market economy, Adam Smith, =as aware of economic inequality and offered one of the first critiques of =he complications it introduces into social and political life." Read more...

Megan McArdle: "I'll swing fo= the fences and argue that no, even with better computers, Communism isn't=going to work. Nor some gauzy vision of post-capitalism that looks like Co=munism, but with YouTube videos. In retrospect, Communism seems wildly stu=id, or at least, incredibly naive." Read mo=e...

Noah Smith: "When you read ab=ut economics studies, your first reaction should be skepticism. Trust meta=analyses and review articles more than single studies. Try not to let your=political beliefs lure you into believing one result or another simply bec=use it yields the conclusion you want. In the end, it pays to get the trut=, and the truth is something that accumulates slowly." Read more...

Investing

Barry Ritholtz: "It is an old=cliche because it's true: Traders should never let a bad trade turn into a= investment; investors should never try to trade in and out or time the ma=kets." Read more...

U.K.

Mark Gilbert: "The government=was unbelievably late in realizing that it was losing the argument in Scot=and. If [Prime Minister David] Cameron is serious about keeping Britain in=the EU, he needs to show more leadership in the current immigration debate= and start campaigning early to persuade the 'don't knows' that in Europe,=as in the U.K., we're better together." Read=more...

Russia

Leonid Bershidsky: "The board=of Aeroflot, Russia's flag carrier airline, is expected Thursday to approv= the purchase of three-quarters of its biggest private competitor, Transae=o, for the princely sum of one ruble (less than two U.S. cents). The de fa=to government rescue is a symptom of Russia's crisis in domestic demand, a=d of a misplaced faith in state interference that is deepening the country=s economic problems." Read more... <=p>

News Roundup

Ritholtz (Read the news roundup)

The Fed’s plan to hike interest rates: Re=d more...

Lessons from Dunning-Kruger: Read more...

Buying organic veggies at the supermarket is a waste of mo=ey: Read more...

EARLY RETURNS

Want Jonathan Bernstein's =span class="roundup-chatter" style="font-family:Georgia, serif;color:#=33333;font-size:17px;line-height:1.6em;text-transform:none">newsletter? Subscribe...=/p>

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