[Misconduct] Wells Fargo Employees Creating Fictitious Accounts

1. Imagine paying fees on a ghost account you didn't sign up for.

2. In September,  federal regulators reported that Wells Fargo  employees secretly created millions of unauthorised bank and credit card accounts without their customers knowing it since 2011. 

Will China Become The Next Japan?

While some draw parallels between China's slowed economic growth today and Japan in the late 1980, there are some differences.

Rebalancing China Explained in 6 Charts

1.  In september 2016, IMF published a working  paper titled "Rebalancing in China - Progress and Prospects" explaining  China's economic transition utilizing the "rebalancing" approach.

2. China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy.  

3. Below are 6 charts explaining the key areas involved.

Overview and Thoughts on China's Economic Rebalancing

DEFINING  A REBALANCED CHINESE ECONOMY

1. China is rapidly reaching the point of diminishing economic and political returns from its investment-driven model, which is headed for change one way or another: either through a proactive rebalancing, with reforms and policy adjustments, or a forced rebalancing precipitated by rising stresses in and beyond the financial system. 

2. Rather than depending on the old growth engines of property development and exports, the emergence of new growth engines will lead the country through an extended period of rebalancing and ensure that growth is maintained. The structural transformation involves increased private consumption and a lower trade surplus.

3. China’s economic rebalancing can be viewed in terms of global trade balances and domestic dynamics. From a US-China rebalancing standpoint, China is intending to save less and spend more on consumption, while the US is spending less and saving more.