《伟大的博弈》戈登对话刘俏：游戏应该公平，关税只是牌桌上的“筹码”

Group 1 - The US-China tariff conflict has seen a significant reduction, with the US canceling 91% of additional tariffs on China, and China reciprocating with the same percentage of counter-tariffs [1] - The dialogue between economists highlights the cyclical nature of market bubbles and the historical lessons that can be learned from past financial crises [3][5] - The importance of capital markets in fostering innovation and their role as a catalyst for technological advancement is emphasized [12][13] Group 2 - The discussion on tariffs indicates that excessively high tariffs could lead to a contraction in global trade, reverting economies to localized markets [10] - The historical context of Wall Street's evolution illustrates the significance of free capital movement in driving economic vitality [8][9] - The need for a fair trading environment is underscored, with a call for the US to reassess its tariff policies in light of global economic recovery [11] Group 3 - The transition of capital markets from resource allocators to innovation catalysts is crucial for addressing current economic challenges [15] - The role of technology, such as AI and big data, in enhancing market transparency and improving investor trust is highlighted [22] - The shift in investment strategies from individual retail investors to institutional management reflects changing dynamics in capital markets [23] Group 4 - The discussion on social responsibility in capital markets emphasizes that while profit is a primary goal, broader societal impacts should also be considered [25] - The need for regulatory frameworks to ensure that capital markets operate responsibly and ethically is stressed [25]