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Ken Rogoff warns China is next bubble to burst
The expert who predicted the US housing crisis fears slump of rival superpower. "Chess teaches you to think about what the other person is thinking. What do they want? What are they trying to do?” Kenneth Rogoff, the Harvard economist explains. He should know. Before he turned to academia, Rogoff was a professional chess player, travelling Europe and competing in five-star hotels as an undergraduate. He enjoyed considerable success, but what started as a game quickly became an obsession, and he gave it up to concentrate on studying. “I’m very addicted to it. I still think about it,” he says, even though he ... (full story)
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