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China: More State Investment Is Not the Answer

China: More State Investment Is Not the Answer

Covering water infrastructure, electricity grids, computing capacity, telecommunications, underground pipelines, and logistics, the program is intended to sustain its already declining growth and stimulate its increasingly flagging domestic demand.

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Low Volatility Does Not Mean Low Risk

Low Volatility Does Not Mean Low Risk

A real example is August 2024. Markets had been unusually quiet for a long time, and many investors had borrowed heavily in yen to buy higher-yielding assets elsewhere.

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