Wrong Time for Debt

“Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry”

Shakespeare wrote this in Hamlet. Luckily for the world, nobody listened; otherwise there would have been no banking services. Globally, the debt market is estimated at around $50 trillion! Surely, a lot of money is being borrowed and lent. In my lifetime, I have seen Indians...

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