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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Thursday, December 9, 2010

Banks' exposure to stock market

This is indeed a very good editorial, I must say, on the exact reason of recent unusual stock market rise. Uncontrollable banks' exposure to stock market may bring a disaster for overall macroeconomic and financial stability, which asks for a timely and effective intervention by the relevant financial market authorities.

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