, Columnist
Happy Mood Music in Markets Is Ignoring China Troubles
Records for the Dow and bitcoin strike a jarring note with the second-largest economy entering its worst slowdown in a generation.
Don’t mention China.
Photographer: Imeh Akpanudosen/Getty Images
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All kinds of great things are afoot. Bitcoin is at another all-time high as it continues to head for the moon. The Dow Jones Industrial Average hit a record, while many more useful indexes of American stocks came close to peaks. Breakevens for inflation over the next five years reached their highest in 16 years.