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The Latest Opinions From Bloomberg View


December 29, 2014

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bloombergview.com

http://click.email.bloomberg.com/?qs=b7dca9c5a8b2e7402f77110d3aabbf877d9d5dded885d505d76c4193565da072
Oil

Mohamed A. El-Erian:"Many analysts and policy makers have a natural tendency to 'look through' the latest drop in oil prices -- that is, to treat the impact as transient rather than as signaling long-term changes. I suspect that view would be a mistake this time around."
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Europe

Mark Gilbert: "The Greek parliament's decision to trigger elections by rejecting Prime Minister Antonis Samaras's presidential candidate throws Europe back into turmoil. The European Union can avert a full-blown existential crisis, however, if it acknowledges that Greece's economic pain is real and not entirely self-inflicted, and that austerity fatigue is an issue for more than one euro member."
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QuickTake:"Ever since it announced that hidden deficit spending had left the country broke, Greece has been a flashpoint in the European Union's broader economic debates as well as a practical problem for the countries that banded together to adopt the euro."
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Tech

The Editors:By the end of the year, the Federal Aviation Administration is expected "to propose rules governing commercial drone flights, which are now prohibited without an exemption. ... As it attempts to impose some order on this new and vibrant industry, it should also be careful not to unduly impede innovation."
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News Roundup

Katie Benner
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(Read the news roundup)

- Facebook pushed in our faces photos of loved ones who died and other heartwrenching moments from 2014.
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- Aereo will be allowed to auction off its streaming technology assets.
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- Bitcoin isn't dead, but it may be mortally wounded.
bbg://news/stories/NH0WS36S972F
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Barry Ritholtz(
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- 2014: The year that nothing worked:
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- How to spot a bad forecaster:
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- Ten economic questions for 2015:
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Economics

Megan McArdle:"Economics columnists might well dub this 'the Year of the Minimum Wage.' ... It's not surprising that we've spent a lot of time talking about the minimum wage this year. What's surprising is how we've been talking about it: confidently, as if we know for sure what will happen when these laws take effect."
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Latin America

Mac Margolis:"Nothing in Brazil compares to the looting of Petrobras. ... The so-called petrolao scandal nearly cost President Dilma Rousseff re-election and has spooked investors, turning yesterday's emerging market promise into a Latin American sinkhole."
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