Re: A Half-Baked Idea

1. cost of buying into a joint venture is formidable
2. must consider exchange rate fluctuations that can negate any advantage
3. overhead required to deal with foreign banks, currency, etc. could be
more than savings presented by lower interest rate
4. depending on size of venture, preferred low rate may not be available to
small biz
5. bank may require deposits to be made locally, #2 #3 then repeated
6. other

These are good objections, but item #1 is an assertion, yet to be argued.
Starting a small business can be formidible in cost...or rather inexpensive
depending on how you proceed. 2,3 and 4 would be important considerations,
but part 5...the underemployed or overstaffed banks in these extreme times may
be interested in looking at very small and safe deals...

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