no v shape recovery, page-64

I disagree... It is the margin on the debt that makes the money, just like a coles makes profit on the margin of groceries sold, just like mining companies make profit based on the margin on selling ore...

Margin is very import, if you cannot sustainably purchase whatever it is you are selling for a profitable margin than a prudent approach is to minimise said spend... So IMO a prudent approach, it will result in short term revenue losses however... Growth for growth sake can hurt businesses.