Wednesday, November 16, 2011

IMF Says Chinese Banks May Be in Trouble

The IMF has warned China about its banks.
In a report published today, it states that China's banks are strong enough to support isolated crises, but incapable of overcoming a crisis derived from overexposure to credit, housing bubbles, and the currency values.

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Japan's Population Continues to Decline

The Daily Wire reports that Japan's birth rates have hit a new record low despite a $25 billion program to encourage women to have child...