Subject: Some Good News for Washington, From Wall Street
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 15 Jul 2016 05:01:17 -0400 (EDT)

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There's violence, instability and stagnation, true. Yet there's also a lot of faith in sovereign bonds. Matthew A. Winkler crunches the numbers and finds reason for hope.
Millennials Need a New Housing Bubble
If demand keeps outstripping supply, prices for existing homes will skyrocket and wages in construction will soar. Conor Sen offers a solution. 
Russia's Hyperloop Dream Stalls
Vladimir Putin had hoped to make Elon Musk's vision of high-speed, high-tech transport a reality -- but a lawsuit claiming financial mismanagement has pit Kremlin-connected investors against a Silicon Valley startup. Leonid Bershidsky explains why Russians won't get to ride the Hyperloop anytime soon.  
America's in Danger of Imperial Overstretch
Nearly three decades ago, historian Paul Kennedy argued that extravagant military spending hastens the decline of great powers. Fat defense budgets haven't crippled the U.S. economy yet — but that's no reason to be complacent, Justin Fox warns. 
Why Democrats Moved to the Left
Sure, the socialist may have lost to the centrist, but the Democratic Party just passed its most left-leaning platform in decades. Ramesh Ponnuru offers four reasons why (one of which will leave Sanders die-hards pretty miffed). 
Politics After Dallas
Barack Obama has become practiced at delivering mass-shooting eulogies, but last Thursday's massacre of police officers left most other politicians in uncharted waters. Margaret Carlson evaluates the presidential candidates' responses, while Francis Wilkinson says George W. Bush's message of reconciliation deserved far more praise than it got.
Ritholtz's Reads

The world's most powerful stock pickers don't manage a penny (Bloomberg)
25 book recommendations from some of the smartest people in tech (Business Insider)
The laws of capitalism are being rewritten (Reformed Broker)

(Read Barry Ritholtz's full daily news roundup.)
Bloomberg Gadfly 

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India's inevitable merger

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