Subject: One hundred years of xenophobia
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 19 Dec 2017 05:01:54 -0500 (EST)

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}A daily digest of opinions and analysisAnti-Immigration Fervor Is Different This TimeToday's nativist movement has eerie parallels to the anti-immigrant outbursts of the 1910s and '20s, with one big distinction: Average Americans are more welcoming today than they used to be. Noah Smith offers three theories to explain why history isn't repeating quite yet. Investors: Donald Trump Is Not Your FriendSure, tax cuts should deliver a boost to corporate profits — but protectionist trade policies would reverse those gains. Komal Sri-Kumar explains why U.S. stocks will probably take a hit in the end.  Cryptocurrencies Are Starting to Affect the Real EconomyIt used to be a sideshow. Now markets are rewarding companies for exposure to cryptocurrency. Conor Sen says it's time for sober investors to get nervous.A Treat for Trump Tucked in the Tax PlanRepublicans' latest tax bill includes a break for real-estate investors with few employees. Can you name one of those? Timothy L. O'Brien says legislative shenanigans will pay off big-league for the president. The Current Sex Panic Harks Back to the Era of Coddling WomenA warning from Megan McArdle: The outcome of #BelieveAllWomen is no utopia. We've seen this sort of regime before.Ritholtz's ReadsThe pessimist's guide to 2028 (Bloomberg)Can the passive juggernaut roll on? (Barron's)The person who had the most impact on the Trump tax bill was a Democrat who died seven years ago (Forbes)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg GadflyHumana could escalate the insurance arms raceSpread-betting and a bitcoin-shaped hole in the rulesToys 'R' Us closing stores would open doors for rivals(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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