Subject: In Defense of the Washington Swamp
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 15 Nov 2016 05:01:41 -0500 (EST)

.footer .iOSLink a {       color: #666666 !important;       text-decoration: none !important;     }      @media only screen and (max-device-width: 480px) {       body {         padding: 10px !important;       }       .one-column p,       .one-column li {         font-size: 19px !important;         line-height: 29px !important;       }     }A daily digest of opinions and analysisThe Case for Political Insiders (From One of Them)Donald Trump came to power by bashing the establishment. Eli Lake argues it now may be the country’s last defense.How to Keep Steve Bannon Out of the White HouseThe president-elect has chosen a leader of the alt-right for a senior role in his administration. Opponents of Trump need to pick their battles, and Jonathan Bernstein says this is one they should fight.The Trouble With Trump’s Infrastructure PlanConservatives didn’t like Obama’s economic stimulus program. They should like Trump’s even less. Tyler Cowen warns that a GDP boost today will be offset by trouble in the longer term.Tech’s Giants Keep Devouring the CompetitionThe big five — Apple, Amazon, Microsoft, Facebook and Alphabet (Google’s parent) — now account for more than 30 percent of the market capitalization of the Nasdaq, and they keep growing. But Justin Fox says that they could face a threat in the form of the incoming president.China’s Rising Prices Are a Sign of TroubleDemand for Chinese coal and steel isn’t rising. Why are prices? Christopher Balding argues it had almost nothing to do with supply and demand, and trying to control it will likely make it worse.Latin America’s New Politics Transcend Left and RightIn a region where ex-revolutionaries wear Rolexes, the old ideological categories don’t offer much insight. Mac Margolis says the only way to understand Latin America’s new guard is to leave that tired framework behind.Ritholtz’s ReadsOutperforming by underperforming (Newfound Research)The bright side of rising interest rates (A Wealth of Common Sense)Marijuana company prepares to cross state lines, as legally as possible (New York Times)(Read Barry Ritholtz’s full daily news roundup.)Bloomberg GadflyBMW needs an electric jump-startTrump is no cure for Brexit’s $82 billion gapLVMH doesn’t need what Michael Kors is selling(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

If you believe this has been sent to you in error, please click <http://link.mail.bloombergbusiness.com/oc/57d81a102ddf9c08613460d74u5ey.ncg/016d89e3> to safely unsubscrib