Consumer spending has collapsed, US has reached 30 million unemployed.I'm not sure if anyone is really absorbing these figures...... The number of people that will walk away from their AfterPay repayments leaving Afterpay to pick up the pieces is beyond scary. Only time will tell. In saying that, the market has been acting irrationally so I wont be surprised if this goes to the moon. Even if the world stops spending.
I for one have a small interest in APT, and will most certainly be topping up. Just cant see it being a "good investment" at these levels.
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