Monday, January 28, 2013

China's "acutely fragile" banking system

The photo above is of people in China trying to get in to a job fair. There is a story today in Business Insider claiming that China's banking system is "acutely fragile," because China has created too much credit too fast.

So the U.S. is not the only one?

Read more here: http://www.businessinsider.com/gmo-chinas-credit-system-vulnerability-2013-1

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