@patrick_oshag listened to the Ali Hamed podcast. I wouldn’t be as excited as he is about loaning money to e-commerce small businesses. Yes I’m aggregate their sales have doubled but this has delayed the reveal of how many bad loans are in the space.
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One of the consequences of the shutdown is that SMBs squeezed harder than enterprises, and consequently listed stocks will tend to pick up market share. As always with COVID-19, I'm not sure whether these are unintended consequences or features.
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