Subject: Asset Bubles and the Power of Irrational Thinking
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 9 Dec 2016 05:01:21 -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 analysisA Better Theory to Explain Financial BubblesThe past is no guarantee of future performance, but investors act like it is. Noah Smith explains how a healthy appreciation of human irrationality could help solve an old economic puzzle.How Trump Could Cure the Blue-Collar BluesIf the president-elect wants to pressure U.S. companies, he can push them to retrain their workforces -- or, better yet, he could experiment with actual policy. Paula Dwyer lays out a five-step plan that would help all blue-collar workers, not just 730 of them.New Jersey’s Doldrums Aren’t Just About ChristieDiscontent hangs over the land of the shopping mall, and the “Bridgegate” scandal isn’t solely to blame. Garden State native Justin Fox digs deeper and finds a story of economic malaise and suburban flight.Social Status Alters the Body (Be It Monkey or Human)Being stuck at the bottom of the pecking order can be hazardous to your health, recent research suggests. Faye Flam examines why — whether you’re a rhesus monkey or a British civil servant — a little respect will do you good.So, What Do Your Grandparents Do? And Your Great-Grandparents?With income mobility more tied to past generations than we ever realized, Megan McArdle says it’s time to start dreaming up new solutions.Ritholtz’s ReadsDiversification is no fun (A Wealth of Common Sense)How anyone can invest like Warren Buffett (Bloomberg)The 19 economies you should be looking at for hypergrowth (Harvard Business Review)(Read Barry Ritholtz’s full daily news roundup.)Bloomberg GadflyChina's smart money burrows into Silicon ValleyThat $10 cup of Starbucks coffee is priced just rightRoot for phone companies to rescue U.S. broadband(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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