Faculty News
In an op-ed, Professor Michael Spence discusses the Chinese stock market's impact on the global economy
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Excerpt from The Huffington Post -- "As for the markets, experts in market behavior generally expect movements like those we have seen to overshoot before the value investors are attracted in to stabilize the markets. If the Shanghai composite index gets to 2,500, the price-earnings ratios and valuations will surely look attractive for the longer-term investor."
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