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The Latest Opinions From Bloomberg View

November 26, 2014

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FERGUSON
Megan McArdle: "The obvious thing to say about the events in Ferguson, Missouri, is that St. Louis County Chief Prosecutor Robert P. McCulloch wasn't trying that hard to get an indictment. ... But I think there's another possibility that's worth considering: that the prosecutor simply may not have thought he could get a conviction."
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The Editors: "It's hard to fathom the mixture of incompetence, misjudgment and neglect that has characterized the last 24 hours in Ferguson, Missouri. It is equally difficult to believe that the best response to it may not come for five months, in the form of a sparsely attended municipal election."
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Clive Crook: "The U.S. is a nation too much in love with its judicial rituals to care very much about justice. It mistakes elaborate yet unthinking obeisance to these processes -- the more arcane the better -- as dedication to the cause of liberty under the law. It's really the opposite."
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CURRENCY
A. Gary Shilling: "The dollar has been the primary trading and reserve currency since World War II and is likely to remain so for decades. Rapid growth in the economy and per-capita output weigh in the dollar's favor. American financial markets are broad, deep and transparent, as is the economy. Despite the dollar's decline since 1985, its credibility is substantial. And there is no real substitute for the dollar as a global currency."
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TECH
Katie Benner: "It's clear that there's money to be made in Silicon Valley right now, and no one wants the boom to end. ... I think we have another several quarters of dramatic growth left for Silicon Valley and the broader world of tech stocks. Still, the next bubbly stretch will be dangerous for acquirers and investors, and not just because they'll be buying at lofty prices."
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SPORTS
Kavitha A. Davidson: "Red Sox President and Chief Executive Officer Larry Lucchino likes to tout that his team and the rival New York Yankees are 'very different animals,' but in throwing long-term, lucrative deals at two big-name free agents, the Red Sox appear the be taking a page out of the Yankees' playbook."
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