4 ms·
Are we going to go back in time and manufacture all the goods and services we didn't make this year?
by empath75 7y ago
Are we going to go back in time and manufacture all the goods and services we didn't make this year?
- JoeAltmaier 7y agoNo. But that's another point: there should be a burst of demand initially. Delayed service appointments; postponed repairs and replacements. It seems temporary, and may only cause a roller-coaster effect but we'll see.
- fierarul 7y agoThe initial burst will exist but only for essential items I think. No need to get a new car if the old one will do.
- JoeAltmaier 7y agoSure but then repairs/maintenance will have a bubble. Rent or buy, folks will be able to get out and do transactions that've been put off. Recently I took all our vehicles for service. Got an appointment the same day. They were essentially idle.
- fierarul 7y agoI agree about repairs/maintenance. Dentists too.
- empath75 7y agoIt's not just a demand shortage, there's a supply shortage. Let's assume demand shoots back up. We still will have spent 3-6 months or more not making stuff. What is everyone going to buy?
- JoeAltmaier 7y agoSounds like a recipe for prices spiking. It's going to be a rough ride.
- fierarul 7y agoI think you would be surprised how many people have still been making stuff in the mean time. They closed down non-essential stores here but many companies have still be producing stuff. Also, no need to make more car tires when the demand is 0 and they have stock, but the guys at the yeast company were running 100%. Just as demand comes back production ramps up and the existing stock will take care of it in between.