Subject: That was fast.
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 1 Aug 2017 05:05:43 -0400 (EDT)

A daily digest of opinions and analysis

Bidding Adieu to the Mooch

A mere 10 days after his first press conference, and four days after his foul-mouthed tirade to a New Yorker reporter, the colorful financier Anthony Scaramucci is out of a job — axed at the request of Donald Trump’s new chief of staff. (You’ll recall Trump’s last chief of staff wasn’t a fan, either.) Noah Feldman says the firing of the White House communications director was a victory for political norms, but Trump biographer Timothy L. O’Brien warns that the administration won’t be any less chaotic in Scaramucci’s absence.

British Bankers’ Biggest Concern Shouldn’t Be Brexit

With plenty to worry about already, the U.K.’s financial sector would like to ignore the fiery Labour leader Jeremy Corbyn. But if he one day takes power, they’ll wish they had been better neighbors. Therese Raphael suggests the City start developing a contingency plan now.

Germany’s Auto Industry Is Built on Collusion

Despite the uproar over a diesel emissions scandal — the country’s three big carmakers, Volkswagen, Daimler and BMW, are accused of improper coordination — cartels have long been essential to the German way of doing business. Leonid Bershidsky describes a deep-rooted culture that not even Angela Merkel can change.

Latin American Left Indulges Nicolas Maduro

As Venezuelan democracy unravels, the region’s leftist leaders have been all but mute — except for when they’re cheering on the embattled ruling government. Mac Margolis makes sense of the left’s conspicuous silence.

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Ritholtz’s Reads

Monopoly was invented to demonstrate the evils of capitalism (BBC)

30 firms earn half the total profit made by all U.S. public companies (Quartz)

If everyone is a robo-adviser, then no one is a robo-adviser (Reformed Broker)

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

Bloomberg Gadfly

Hertz gives investors the silent treatment

Singapore banks could use the skepticism

Biotech is only expensive when you follow the crowd

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

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