Subject: Share the View 2: Job Market Isn't Driving a Fed Hike
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 4 Sep 2015 12:31:36 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Sep 04, 2015

bloombergview.com

<= href="http://link.mail.bloombergview.com/click/5082761.14650/aHR0cDovL3=3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvdS1zLWVjb25vbXk/55086a4c3b35d051538c3=ccB39c531a1" style="text-decoration:none;color:#00b9e7;line-height:1.6em=>U.S. Economy

Mohamed A. El-Erian: "On its =wn, this report probably wasn't sufficiently decisive to tip the Fed's dec=sion -- one way or the other -- about when to begin its campaign to raise =nterest rates for the first time in more than nine years. It didn’= provide the kind of strong data that suggests the U.S. economy could easi=y withstand the adverse impact of weaker global growth and financial marke= volatility -- a clarity that would have provided clear justification for = hike in September. But nor did the August data clearly signal that such a=move would be ill-advised." Read more...

Mark Whitehouse: "Has the U.S= job market recovered enough for the Federal Reserve to start pulling back=on economic stimulus, ending an unprecedented period of near-zero interest=rates? Judging from how the Fed has acted in the past, it could wait awhil= longer." Read more...

European Economy

The Editors: "The case for a =ore forceful stimulus is already strong. [European Central Bank President =ario] Draghi said the ECB has (again) downgraded its forecasts for output =nd inflation. Even by 2017, it expects growth of less than 2 percent and w=rns there may be spells of falling prices. But with short-term interest ra=es on the floor and QE proceeding at a brisk pace, the central bank acting=alone lacks options. It has soothing words and not much else. The responsi=ility for reviving growth in Europe mainly rests with governments."=Read more...

Mark Gilbert: "European Centr=l Bank President Mario Draghi was asked on Thursday whether his institutio= should consider revising its 2 percent inflation target. 'It would test o=r credibility if we were to change the target when it's taking more effort=to achieve that target,' Draghi replied. 'There hasn't been any discussion=about changing the target for inflation.' With the ECB cutting its own for=casts for the next three years, however, it's time the central bank faced =p to reality and admitted defeat -- and no shame should attach to that bac=track." Read more...

Energy

Matthew A. Winkler: "Cheap oi= should be good economic medicine for almost anybody who isn't trying to s=ll the stuff. Yet only one country has been able to take full advantage of=the 14-month collapse in the price of crude: the U.S." Read more...

Immigration

Leonid Bershidsky: "Calls are=getting louder for the oil-rich Gulf states to take in more Syrian refugee=. In the Arab world itself, the opinion that they are not doing enough is =idespread. Those countries, however, may not really be suitable destinatio=s for the asylum seekers -- precisely because of their often deceptive cul=ural closeness to most of the Syrians fleeing the conflict." Read more...

China

Noah Smith: "China is already=the world's largest economy by some measures, such as purchasing power par=ty. It's clear, however, that the country's growth is slowing. Growth dipp=d from roughly 10 percent to about 8 percent in 2012, and is falling again=amid the current slowdown. When the country recovers from its slump, how m=ch more expansion can we expect before it settles down into a nice, slow, =teady pace like every other fast-growing 'miracle' country eventually does="

Tech

Adam Minter: "Even as the dev=loped world breathes a little easier, an electronic waste crisis is loomin= in developing nations where smartphones, laptops and other digital produc=s are becoming affordable to billions of new customers, yet the means to d=smantle them safely are largely nonexistent. As a result, the often danger=us and environmentally destructive methods of disposal, if they're not add=essed soon, will have consequences for the developing world far beyond wha= may have been caused by whatever Europe exported in the last few years."<=span> Read more...

Culture

Megan McArdle: "Why can't mem=ers of the sexes be more alike? Why do so many irritating differences pers=st? Feminists' answer has been: cultural and structural sexism. Societies =rain women to take second fiddle to men in work and relationships -- and t=en punish them for trying to break out of their assigned roles. No, say tr=ditional conservatives: Women and men are different, and cultures reflect =hose differences. The conservatives may now be getting some support from a=surprising source: transgender men." <= href="http://link.mail.bloombergview.com/click/5082761.14650/aHR0cDovL3=3dy5ibG9vbWJlcmd2aWV3LmNvbS9hcnRpY2xlcy8yMDE1LTA5LTA0L3doeS1hLXdvbWFuLWNhb=10LWJlLW1vcmUtbGlrZS1hLW1hbg/55086a4c3b35d051538c37ccB6d8417d4" style="t=xt-decoration:none;color:#00b9e7;line-height:1.6em">Read more...

News Roundup

Barry Ritholtz (Read the news roundup)

Machines do replace humans. In fact, replacing humans is o=ten the point: Read more=..

The unlikely STEM cities that will power the U.S. economy:=/span> Read more...

Hedge funds faced a test in August, and faltered: <=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...

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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