the one that is it tends to be more hidden especially in developed economies. US is generally a well served banking services especially if you're high income consumer. But when you look at the cost of that banking system, it's is pretty significant in ways that are not readily apparent. So for example, there's about 15 trillion dollars of retail deposits in the US banking system, but banks pay on average about 40 basis point on yield a year. In a world where your interest rates are four
In a world where your interest rates are four