Loans with gold and gold jewelry as collateral are big business in India. Formal gold-lenders have assets of $40bn. Smaller lenders make another $80bn inlays. Rates vary from 12-50%. Average loan size <$700.
economist.com/finance-and-ec… https://t.co/48yJrmmCCL
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v.
January 29, 2023
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v. Russian attack. See Chartbook Newsletter