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The Dow's wild ride

The Dow's wild ride

The average American probably hasn't spent a lot of time contemplating the value of China's currency or the other uncertainties in that country's economy. Yet Wall Street losses since last week — including a 1,089-point plunge in the Dow Jones Industrial Average at the opening of trading on Monday — have a way of getting the public's attention. The simple explanation for this significant fall in the stock market is mostly about China and the country's efforts to manipulate its economy, particularly given China's policy of favoring government dictates over market forces and accurate economic accounting. Investors had every reason to have doubts...

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