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Where are my (business cycle) dragons?

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This is for those of you interested in ancient Chinese business cycles. So, everyone, right?

From Yaguang Zhang, Guo Fan and John Whalley’s new paper:

Where do you think we are now, mid-plenum and all? “Arrogant dragon will have cause to repent”, perhaps? Or “Dragon wavering over the depths”? Certainly not around 7 per cent “Hidden Dragon. Do not act” or “Flying dragon in the heavens”?

Continue reading: Where are my (business cycle) dragons?

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