Subject: Latin America is a capitalist success story
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 24 Mar 2017 05:01:48 -0400 (EDT)

.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 analysisCapitalism Will Shrink Inequality. In Fact, It’s Happening.Rising prosperity widened income gaps in Latin America and China, but — whew! — the trend already has started to reverse itself. At a time when good news seems scarce in Europe and North America, Noah Smith shares heartening new research about inclusive growth elsewhere.Rents in Megacities Can’t Go Up Forever. Can They?Good news for readers in London, New York and Tokyo: The rent may be too darn high, but it won’t stay that way forever. Tyler Cowen explains why housing costs will eventually plateau even in the most desirable global cities.A New, Exciting Way to Get Ignored By LawmakersGreat news! There’s an app that helps users send faxes to members of Congress. Terrible news! The more faxes that go through, the less valuable those messages become. Megan McArdle says that if Americans want to exercise political influence, face-to-face interactions are the only durable currency.‘Hamilton’ Fights the Laws of EconomicsThere are lots of good reasons for those outrageous ticket prices to fall, but a night at “Hamilton” can still set you back as much as $900 (if you buy from Ticketmaster) or $9,000 (if you buy from a scalper). With the resale market suggesting that tickets are worth several times what the producers are charging, Joe Nocera examines the logic behind the musical’s seemingly irrational pricing strategy.Um, Has Anyone Checked on the Yen Lately?In case you missed it, the Japanese currency has been on a roll recently, outperforming all its rivals this past week. In his Daily Prophet financial-analysis roundup, Robert Burgess explains why Donald Trump’s losses are the yen’s gains.Ritholtz’s ReadsAge-old adages for the bull market (Yardeni)Swedroe: Don’t underestimate emerging markets (ETF.com)Domino’s stock has outperformed Google, Facebook, Apple, and Amazon this decade (Quartz)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyThe SEC nominee’s distorted view of realityBig money managers squeezed from both sidesInvestment banking in Asia is no home run for Wall Street(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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