-
Share
6,926 Posts.
515
09/05/20
21:28
Share
Yes I know stocks are rising.
But I'm looking at unemployment rising.
Afterpay isn't a rich mans product.
It's for poor and middle class who can't manage money.
When unemployment is low and credit conditions are great, things are good.
But now unemployment is high and rising. Things aren't good.
The middle class is eroding and going into poverty. And it's happening in AU, UK and USA.
https://www.washingtonpost.com/business/2020/05/08/layoffs-poverty-coronavirus/?fbclid=IwAR1RrFtb6eFf04oSotZY-z11FWsdMN9JQv1hwNUH-zIlTXyWoegQ2vCWkrE
How many non payers can APT suffer? Anyone done a stress test yet?
-