As many of you know non-essential business are not allowed to operate right now pretty much Nationwide.
You also know that despite bail outs some of these businesses are not going to survive and have already started shutting down for good. This can be anything from a hair salon to a restaurant to a clothing store.
For the businesses that will survive do you think the cost of their goods or services will skyrocket,stay the same, or plummet?
Also, with new proposed stimulus legislation we could be getting several future payments.. Do you think this will cause inflation?
I know some people who cut hair out of their home and they are swarmed right now because no one is supposed to be doing it therefore they have a great demand..
When we all are "allowed out" we do know the demand for things will be even greater.
So do you think prices on goods and services will reflect supply and demand?
For example, If 10 to 20% of all barbers close and people still need haircuts desperately it would seem that the prices will go up.. now this is worse case scenario but remember we do not know how long this will stretch out..