Subject: The economy isn't as strong as everyone wants to believe
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Sat, 22 Jul 2017 05:21:13 -0400 (EDT)

A daily digest of opinions and analysis

This Recovery Doesn't Seem So Resilient, After All

When adjusted for inflation, credit card usage has grown faster than incomes for 18 months. Uh-oh. Danielle DiMartino Booth sees an ominous sign that Americans are struggling to pay for necessities.

Trump Pardoning Himself Would Trash the Constitution

A king might be above the law, but the president is not. Why are we even having this conversation? Harvard Law professor Noah Feldman is alarmed by reports that Trump is giving thought to the idea.

How Could a 'Handmaid' Economy Pay the Bills?

The Hulu series "The Handmaid's Tale" raises lots of questions about sex and power, and here's one more: Wouldn't locking half the population out of the labor force tank any country's economy? In search of answers, Stephen L. Carter examines trade and labor dynamics in dystopias both real (say, apartheid South Africa) and fictional.

When a Restaurant Is Not Innovative, Only Perfect

Unpopular opinion alert: "I'll only try something new" is as much a mistake as "I'll only eat things I know." In her weekend food column, Megan McArdle laments the cult of gastronomic novelty.

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 Reads

Here’s how Lyft could defeat Uber (Fortune)

Amazon Prime: How do you value a subscriber? (25IQ)

The math keeping GOP from cutting corporate taxes to 15% (Axios)

(Read Barry Ritholtz’s full daily news roundup here.)

Bloomberg Gadfly

The oil curse of the skies

Fintech's wealthy elder statesmen

'Tiger' investors chase around like cubs

(Read more from BV’s sister site for fast business commentary.)

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