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The Latest Opinions From Bloomberg View


January 28, 2015

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bloombergview.com

http://click.email.bloomberg.com/?qs=13d7cda9836fb1ccefb51ebb3f7bdd255b3dad7eb71bf3cab0b38e3c5199df46
Tech

Katie Benner: "Apple revealed blockbuster quarterly financial results Tuesday that were so big, so surprising and so good that the Internet strained to put the results into context. ... Apple has created products that work so well that customers aren't just snapping them up in record numbers; customers trust its products to ease them into tech trends that have yet to blow them away."
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Matt Levine: "The basic contours of the Yahoo/Alibaba situation are well known. Yahoo owns Alibaba shares worth $40 billion. Those shares are in a glass box. They look so good, sitting there, in their box. Don't you want those shares? But be careful! If you break the box, then they stop being worth $40 billion."
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Europe

Clive Crook:"A prediction for you: Greece and the European Union will split the difference in their quarrel over debt relief. What's uncertain is how their respective governments will justify the new deal, and how much damage they'll inflict on each other before accepting the inevitable."
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Leonid Bershidsky: "Greece's new rulers are engaging in dangerous brinkmanship: They may be bargaining too hard for the debt write-off they seek from the European Union."
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Justin Fox: "Good luck to Yanis Varoufakis, Greece's new finance minister! ... Varoufakis's views on how to solve the Greek crisis appear to be pretty similar to those expressed in multiple editorials here at Bloomberg View -- give Greece a break on its debts, and stop forcing it to try to slash its way to prosperity."
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Federal Reserve

Mohamed A. El-Erian:"As the Federal Open Market Committee concludes its first two-day policy meeting of 2015 today, Federal Reserve officials have been weighing a complicated tug of war between domestic and international economic considerations."
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News Roundups

Benner
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(Read the news roundup)

- AT&T beat profit and sales expectations thanks to phone and tablet deals.
http://click.email.bloomberg.com/?qs=13d7cda9836fb1ccdfa4cb82e5071b7a731ef8cc2c66bd752676d811d0c22279
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- Wickr, a disappearing-message-app startup, now lets users share secure photos that self-destruct with friends on Facebook.
http://click.email.bloomberg.com/?qs=13d7cda9836fb1ccf830ca00d9f067c77c3fd3bb47309f7634ba30b1589d824d
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- Not all on-demand workers are happy.
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Barry Ritholtz
http://click.email.bloomberg.com/?qs=13d7cda9836fb1ccb576ea14e35289e918598cbb5f6349b1cd887bdfbbd86baa
(Read the news roundup)

- The new phase of deflation fear and headline noise is actually a good thing for markets:
http://click.email.bloomberg.com/?qs=13d7cda9836fb1cce1dd221222c1d26bad9c7068a37e04a031314d45d7295b02
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- Open letter to the German readers: that which you were never told about Greece:
http://click.email.bloomberg.com/?qs=13d7cda9836fb1cc996b9ee9ef03f68dfd65bed0689f65181043fd227fd98e33
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- Pope Francis's U.S. tour will set off economic fireworks:
http://click.email.bloomberg.com/?qs=13d7cda9836fb1cc5ebe7dfdbc32e185f5f499ba63807ef7d000a4c5b0dce23c
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Levine
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(Read the news roundup)

- JPMorgan did well on the Swiss franc:
http://click.email.bloomberg.com/?qs=13d7cda9836fb1cc987dd62da8c87b5606f7b413e52518d6bfffa9f31b04f154
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- Don't rob a bank. Rob a bank's museum:
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- Today in fund management:
http://click.email.bloomberg.com/?qs=13d7cda9836fb1cc34bd067dd3f6633ec71288f3eba14c1f951c632aedb2d3c8
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Jonathan Bernstein
http://click.email.bloomberg.com/?qs=13d7cda9836fb1cce26394d3d74536f50c60d5a0aa9b600db5e48f9a222d8c49
(Read the news roundup)

- Sarah Posner at Religion Dispatches on "The Bid to Turn Pastors Into Politicians":
http://click.email.bloomberg.com/?qs=13d7cda9836fb1cc15d8e16fee84c5486c8911c3a60236f6f10e041d465aade8
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- No, ending extended unemployment insurance wasn't what sparked the economic recovery.
http://click.email.bloomberg.com/?qs=13d7cda9836fb1cc11bd8b1748b8f99d4207f4547b297e30f9b150c261c71c47
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- Greg Sargent at Plum Line defends Mitt Romney on "authenticity" -- while drawing the important distinction between rhetoric and policy agenda:
http://click.email.bloomberg.com/?qs=13d7cda9836fb1ccf66d526efa54dd8b38d3158680d509fe02041321bd1a9bb6
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