Subject: Welcome to the recruitment economy
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 15 Aug 2017 05:02:50 -0400 (EDT)

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}A daily digest of opinions and analysisWhen Economic Growth Depends on Poaching WorkersWisconsin is trying to attract a new Foxconn factory, even though it hardly has enough workers to staff it — with unemployment at 3.2 percent, it’ll need to attract newcomers from Illinois and Ohio. Conor Sen says it’s part of a larger shift to a “recruitment economy,” in which employers’ mantra is, “If you can’t grow organically, find a way to buy it.”America’s Still Not Ready for the Next Banking CrisisOne chart says everything about how well the financial system will cope with the next recession. And it’s not pretty. Sorry for the bad news, but as Mark Whitehouse explains, Americans (and especially bankers) need to shock themselves out of their complacency.Is It a Bull or Bear Market? Here’s How to TellA drop of 20 percent marks a bear market, a correction is a 10 percent decline, a crash, 30 percent — or at least, these are the conventional definitions. But Barry Ritholtz argues that those arbitrary, base-10 markers don’t offer the insight needed to make sound investment decisions. (Handily, he has a better way.)U.S. Needs China Trade Deals, Not ‘Remedies’Despite the strict entry rules governing the Chinese market, U.S. companies can’t pass up its unparalleled growth prospects. Fortunately, Caroline Freund says that slapping China with with tariffs and investment restrictions isn't the only option open to the U.S. government.What the Black Death Taught Us About ImmigrationSome 700 years ago, bubonic plague wiped out some one-third of the people living Europe — a disaster that happened to transform the continent’s labor market. Justin Fox finds that economic shifts from that era offer insight into the 21st-century immigration debate.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 ReadsHow sanctions transformed Russian farming (Financial Times)Corporate America is having its best earnings season in 13 years (Bloomberg)The curse of 2017: Since 1887, in years ending in 7, the market has swooned. Is history repeating? (Barron’s)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyWhere are Britain’s women in senior leadership?Investors conflicted about Trump, not hostilitiesJunk-debt wrecking ball swings toward telecom(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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