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How the economy would weather private-credit defaults rising to financial
crisis-like levels
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A repeat of the 2008 crisis for defaults in private credit only impacts GDP
growth by between one-fifth and one-half of a percentage point.
15 minutes ago
Seed Newsvine
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For those just starting out, the most common fear is not competition or bankruptcy but a visit from corrupt officials, who go around soliciting bribes or offering paid protection, which is known as a krysha, or roof.
ReplyDeleteRead more: http://www.time.com/time/world/article/0,8599,2080414,00.html#ixzz1SSccWBdI