The unique thing about this problem,the COVID-19 is that commerce came to a screeching halt. In other crises, the problem was a lack of liquidity. Banks could not lend and small and large firms have to tighten their belt. Those who cannot will default and this ends up as non-performing loans on the balance sheet of banks. Increasing unemployment rates.
This post was originally posted here. The writer, Kyith Ng is a veteran community member and blogger on InvestingNote, with username known as Kyith and has 953 followers.
What we are going to talk about today is on SMEs, Lack of Financial Slack, Re-calibration of Risk, Priority in Life and Impact to Blogging
The Little Shops Are Going to Suffer
The unique thing about this problem is that
commerce came to a screeching halt.
In other crises, the problem was a lack of liquidity. Banks could not lend and small and large firms have to tighten their belt. Those who cannot will default and this ends up as non-performing loans on the...
