Subject: Share the View 2: Europe Needs More Immigrants
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 3 Sep 2015 12:23:04 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Sep 03, 2015

bloombergview.com

<= href="http://link.mail.bloombergview.com/click/5075121.14650/aHR0cDovL3=3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvaW1taWdyYXRpb24/55086a4c3b35d051538c3=ccB57d2b32d" style="text-decoration:none;color:#00b9e7;line-height:1.6em=>Immigration

Leonid Bershidsky: "The heart=wrenching photographs of a dead Syrian child washed up on the Turkish shor= are fast becoming the symbol of what is framed as Europe's 'migrant probl=m' or 'refugee crisis.' That little boy, however, would have been part of =he solution to the continent's problems, had he been allowed to reach it. =he true crisis is that not enough Europeans understand that." Read more...

Federal Reserve

Mohamed A. El-Erian: "Federal=Reserve officials could be in a jam as they prepare for their Sept. 15-16 =olicy meeting: The growing divergence between the relatively healthy U.S. =conomy and the turbulence elsewhere is complicating their deliberations ov=r whether to begin a rate-raising campaign immediately or delay any action=until December or beyond. The U.S. jobs report on Friday could be the clin=her, whether it is strong, weak or middling."

Mark Gilbert: "The world of f=nance is drooling to find out what happened to the U.S. jobs market last m=nth, anticipating that the Federal Reserve's September interest-rate decis=on hinges in large part on that one economic indicator. If the U.S. econom= added a ton of jobs in August, the promised increase in borrowing costs w=ll be seen as a done deal for this month. If employment falters, the sooth=ayers of finance will scribble that the Fed stays on hold for a while long=r. Except it turns out that the August report is the least trustworthy of =he monthly jobs figures." Read more...

Noah Smith: "I think the Fed =s just confused, and acting conservatively in the absence of knowledge. Ze=o interest rates are, historically speaking, highly unusual, and a prolong=d period of zero interest rates is even more unusual. In this context, the=Fed probably feels as if it is in uncharted waters. A rate increase, there=ore, at least moves the Fed back into a region where it can use past data =s a guide to policy, since most of the historical record includes periods =hen interest rates were higher than zero."

Declassified

Eli Lake and Josh Rogin: "The=FBI has begun a probe into whether foreign intelligence services compromis=d Hillary Clinton's e-mail server during and after her tenure as secretary=of state, according to U.S. intelligence and Congressional officials. The =amage assessment, which is part of the bureau's investigation into whether=the former secretary and her staff mishandled classified information, will=hunt for digital traces of cyber-espionage by foreign governments."=Read more...

Rogin: "The U.S. and Malaysia=have been secretly discussing expanded use of Malaysian territory for host=ng U.S. spy planes to patrol the South China Sea, in response to increased=Chinese activity in the disputed territory. Following a series of incursio=s into Malaysian waters by Chinese vessels in recent months, talks between=the U.S. government and the office of Malaysian Prime Minister Najib Razak=have intensified, two senior U.S. defense officials said." Read more...

Latin America

Mac Margolis: "For anyone loo=ing for a snapshot of Brazil's economic travails, you could do no better t=an the press conference Aug. 31 unveiling the government's 2016 budget, re=lete with a whopping deficit of 30.5 billion reais ($8.1 billion). ... Tho=gh plenty of prior administrations had missed spending targets, and milita=y dictators routinely hid their financial skeletons, no elected government=in the last two decades had ever thrown in the towel before the fiscal yea= began." Read more...

Jobs

Justin Fox: "This year�=99s edition of the MBO Partners State of Independence Report will be relea=ed later this month, but some of the numbers are already out, and they inc=ude a remarkable result that no one seems to have picked up on yet: The es=imated number of people doing 15 or more hours per week of independent wor= fell in 2015." Read more...

India

Dhiraj Nayyar: "A year ago, n=wly elected Indian Prime Minister Narendra Modi was promising to do big th=ngs, including amend a law that made it unreasonably difficult for compani=s to acquire land for factories and infrastructure projects. He's more or =ess given up on that particular ambition, after stumbling into fierce resi=tance in the opposition-dominated upper house of parliament. The climbdown=comes just as GDP growth slowed to 7 percent in the second quarter, disapp=inting those hoping India would shoot past a faltering China to become the=world's fastest-growing major economy. Modi needs to change this souring n=rrative, and fast." Read more...

News Roundup

Barry Ritholtz (Read the news roundup)

Morgan Stanley issues ‘full house’ buy ale=t for stocks: Read more...

New study argues hedge funds are an even worse scam than w= thought: Read more...

There’s still too many gold market bulls: <=pan class="roundup-read-more" style="font-family:Arial, sans-serif;tex=-decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-heig=t:1.6em;text-transform:none">Read more...

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