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.footer .iOSLink a { color: #666666 !important; text-decoration: none !important; } @media only screen and (max-device-width: 480px) { body { padding: 10px !important; } .one-column p, .one-column li { font-size: 19px !important; line-height: 29px !important; } }A daily digest of opinions and analysisA Gift for China in Trump’s First WeekThe new U.S. president delighted protectionists on the left and right by withdrawing from the Trans-Pacific Partnership this week, but the real winner, in both economic and geopolitical terms, is China. Michael Schuman explains why the demise of the 12-nation trade pact is a boon to the Middle Kingdom. (Meanwhile, with the TPP now DOA, the Bloomberg View editorial board urges the Trump administration to start working on a bilateral deal with Japan.)Even Three Scorching Years Don’t Make a TrendLast year was the hottest ever — just like 2015, and 2014 before that. Does that mean 2017 is doomed to be an inferno? Not necessarily. Faye Flam says broken records mean less to climatologists than you might think (though more than climate-change deniers want to believe).‘American Carnage’ Is RealViolent crime may still be near 30-year lows in the U.S., but Justin Fox says Trump was telling the truth that Americans are dying at horrifying rates — and data on suicides and overdoses back him up.How to Burst Your Own Political BubbleIf you want to expand your ideological horizons, reading articles from other perspectives isn’t enough. Instead, Tyler Cowen suggests, try writing one.Market Liquidity Is Great ... Until It Isn’tBeing able to readily buy or sell assets is crucial, but trouble lurks when it becomes too easy. Noah Smith explains why encouraging liquidity in good times can backfire.Ritholtz’s ReadsHow you can #resist … with your portfolio (Reformed Broker)Struggling hedge funds still expense bonuses, bar tabs (Reuters)Alternative facts for Trump and the stock market (Wall Street Journal)(Read Barry Ritholtz’s full daily news roundup.)Bloomberg GadflyTrump’s tweets aren’t stock tipsOne for the Singapore little guyNeiman Marcus bond pain points to more junk sinkholes(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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