throwawayfkeicb

You're absolutely right, startups are incentivized to product goods/services their customers productivity and their own productivity.

If, on the other hand, the startup's goods/services make their customers only 1% more efficient, then they will struggle to make a big sale when interest rates are 4%.

My money is on Credit Suisse.

Edit: Bank CEOs typically send memos like this one just before the memo's contents become untrue: https://www.reuters.com/business/finance/credit-suisse-has-s...