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The Latest Opinions From Bloomberg View

November 24, 2014

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CHINA
The Editors: "China's central bank startled investors last week with an unexpected cut in its benchmark interest rates. The markets, as usual, overreacted. Nonetheless, the cut draws attention to a genuinely difficult problem for the global economy: what to do about China's fading and unbalanced expansion."
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CURRENCY
A. Gary Shilling: "The U.S. dollar has been on a tear this year, rising against the currencies of virtually all major developed economies. What we're seeing around the world is intense -- and in some cases, deliberate -- devaluations. What's going on and what are the investment implications?"
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POLITICS
Albert R. Hunt: "To recover from their debacle in the midterm elections, Democrats have seized on two questionable propositions: They lost mainly because of President Barack Obama's unpopularity, and the 2016 presidential election will be more favorable."
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Clive Crook: "I support many Democratic policy positions and want to see them succeed. ... Sometimes, though, I don't know whether to laugh or cry at the incompetence Democrats bring to the task of selling their best ideas. The party, without a doubt, is its own worst enemy."
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INDIA
Pankaj Mishra: "Today, as India's Hindu nationalist government grudgingly observes Nehru's 125th birth anniversary, commentators seem shocked by the intense scorn among many Hindus for a once-worshiped leader and his legacy. But then, deep and radical alterations in Indian self-images since the early 1990s have made India a hard place to read."
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