3 Lessons From the China Crisis That Wasn't

3 Lessons From the China Crisis That Wasn't

Now that the stock market has ended its foolish careening in response to China’s modest, sensible adjustment in its exchange-rate mechanism, where are we? To borrow from Donald Rumsfeld’s famous observation about defense planning, there’s what we know, what we don’t know, and what we don’t know we don’t know.

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