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    A healthy economy isn’t built on asset bubbles and debt pyramids

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    Source: South China Morning Post
    Published: 2026-07-08 22:30 UTC+10:00
    Section: Moritz Schularick
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Business, Economy & Finance, Financial Markets, Tax & Budget, World News, Business & Economy
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    Snippet:
    A financial system designed to increase market valuations rather than improve people’s quality of life is prone to crisis
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