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Kruman ‘amazed’ at market complaceny amid brewing trade war  Summers warns policy makers to avoid quickly cutting rates

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 […]