Michael Buchanan on Singapore

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Last quote by Michael Buchanan on Singapore

It's not the households. It's not the government, at least at the starting point, that has a lot of the debt. It's the corporate sector. So you look at the corporate sector and look at the interest bill versus earnings and if that gets too scary, then you're going to have concerns over the banks, and then you get deposit flight and then the government has to make some serious choices about currency stability versus tighter domestic liquidity.feedback
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Jun 22 2017
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Quotes by Michael Buchanan on Singapore

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