Subject: Share the View 2: The Odds of a Fed Hike
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 11 Sep 2015 12:36:54 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Sep 11, 2015

bloombergview.com

<= href="http://link.mail.bloombergview.com/click/5126645.14074/aHR0cDovL3=3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvZmVkZXJhbC1yZXNlcnZl/55086a4c3b35d051=38c37ccB1282102c" style="text-decoration:none;color:#00b9e7;line-height:=.6em">Federal Reserve

Mohamed A. El-Erian: "As the =ebate about whether the Federal Reserve will begin raising interest rates =ext week reaches fever pitch, each side is being forced to adopt so-called=corner solutions, arguing for their respective position with mounting conv=ction. This is understandable given the demand for a definitive answer. Bu= it also is unfortunate, because both camps fail to take account of some b=oader considerations that cloud any certainty. At the simplest level of an=lysis, there is a 60/40 case in favor of a decision to begin the interest =ate normalization process at the Fed's Sept. 16-17 Open Market Committee m=eting." Read more...

Energy

Leonid Bershidsky: "If you be=ieve all the recent stories about how Saudi Arabia is losing the price war=it started against U.S. tight oil producers last year, the new Oil Market =eport from the International Energy Agency offers a reality check. The Sau=is are winning, though they're paying a heavy price for it." =ead more...

Refugees

The Editors: "Europe needs to=maintain a sense of proportion. In a way, it does not have a refugee crisi=. Even if every person who has fled Syria came to Europe tomorrow, they wo=ld account for less than 1 percent of the EU's population. The problem is =anageable. So far, Europe's governments have simply failed to manage it."<=span> Read more...

Investing

Matthew A. Winkler: "Greece i=n't out of the financial woods by any means. Yet it's turned out to be a w=nning investment since the end of 2014, the top debt performer in the euro=zone since January and the best of all assets in the world since July. Sin=e the anti-austerity party Syriza was elected, there hasn't been a stock, =ond, commodity or currency market that produced anything resembling the re=urn of Greek debt, which earned more than 100 percent in a handful of mont=s, according to data compiled by Bloomberg." Read =ore...

A. Gary Shilling: "Is the cur=ent volatility forecasting big selloffs into inadequate liquidity, as happ=ned in the weeks leading up to the 1987 crash? Beyond the volatile markets= there are other warning signs. Interestingly, computerized trading may al=o be helping to feed volatility, much as it did in 1987." Read more...

Economics

Noah Smith: "Republicans seem=capable only of reiterating that tax cuts will pay for themselves by produ=ing more growth and no loss of tax revenue. This is a proposition that alm=st no credible economists believe in." Read more...

Health-Care Reform

Megan McArdle: "Ezekiel Emman=el says drug prices are too high. Very expensive drugs, for rare condition= or cancer, can run well into six figures. What we need, he argues, is a n=tional board that sets prices, or at least sets some caps, rather than let=ing the free market (and excessively generous Medicare reimbursements) dri=e costs into the stratosphere. Well, maybe. But I'd like a bit more eviden=e before we leap in with red pencils blazing and start slashing away." Read more...

News Roundup

Barry Ritholtz Read the news roundup)

Are hedge funds still for suckers? Come on, people:=Read more...

Jeb Bush and the return of vood=o economics: Read more...

A migrant's journey: 1 week, 30=000 people, 2,500 miles: Read more...

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