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NOTHING IS PERMANENT EXCEPT CHANGE

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One might think that a “socialist market economy” would feature markets that are less prone to booms and busts than the U.S. Not exactly. As longtime China watchers know, the country’s still-immature markets are in many ways more bubble-prone than their Western counterparts, thanks to heavy involvement from retail investors who often take cues from […]

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PS:TIPPING POINT + BLACK SWANS =VỠ TRẬN?

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