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I think the risk for a business is that when the rates get too high, shadow banking just takes over. Which it will, because the rates will be really high. It’s
by exelius 8y ago
I think the risk for a business is that when the rates get too high, shadow banking just takes over. Which it will, because the rates will be really high.
It’s a whole lot of work to serve 55,000 people with a GDP of $13,000 per capita. There just isn’t enough economic activity to make this work from an international bank.