The potential implications of the stimulus capital entering U.S. capital markets could be significant. It could lead to a surge in investment in innovative firms, as seen with Tesla's valuation exceeding that of Toyota, Daimler, Volkswagen, and Honda combined. This could potentially drive market consolidation around innovators or market giants with solid balance sheets, high-value assets, cheap debt, and low fixed costs. However, it could also exacerbate the divide between large and smaller companies, with the latter potentially getting hit the hardest.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
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