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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.

Wednesday, January 5, 2011

CPD's view on stock market development

The Centre for Policy Dialogue (CPD) expressed a few interesting (as well as noteworthy) views on the current stock market situation. CPD not only shows flaws in the current system, but also explains the reasons for sudden stock market instability, from the perspectives of both investors and regulators.

Here is the zero draft of the original report of CPD!

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