Subject: Why all those upbeat consumers aren’t spending
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Sat, 3 Jun 2017 05:02:13 -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 analysisAmericans Would Still Rather Not Part With Their CashConsumer confidence has risen sharply in recent years, but retail sales are just trudging along. What gives? A. Gary Shilling points to nine factors, from demographic change to the end of the auto-sales boom, that explain the slightly mysterious divergence.The U.S. Could Use a Few More ZbigsAmerica lost one of its best strategic thinkers with the passing of Zbigniew Brzezinski this week, a statesman with a bold vision who didn’t suffer fools gladly. James Gibney discusses his geopolitical legacy with historian Justin Vaïsse, whose biography “Zbigniew Brzezinski: Stratège de l'Empire” will appear in English next year.How Donald Trump Is Surrendering America’s Soft PowerThe president continues to act as if only military might matters. China knows better. That’s why international-affairs scholar Meghan L. O’Sullivan says Trump’s withdrawal from the Paris climate accord was “nothing short of folly — even if you cared not an iota about climate.”The Second Time I Learned to ReadMost people are taught to read as small children, but only some of them go on to really read. One is Stephen Carter, who honors the tenth-grade teacher who fatefully pushed him to set aside schlock fiction for Shakespeare.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsHere’s how to go public without Wall Street (Wall Street Journal)Robots were supposed to take our jobs. So, where are they? (The Atlantic)My smart beta ETF premised on cats rang up an 849,751% return (Bloomberg)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyTrump and Exxon confront realitiesCall Uber anything but transportationCentral bank cash flood swells bond danger(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/57d81a102ddf9c08613460d75t7rw.12j3/27bc4d66> to safely unsubscrib