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The initial burst will exist but only for essential items I think. No need to get a new car if the old one will do.
by fierarul 6y ago
The 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 6y 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 6y agoI agree about repairs/maintenance. Dentists too.
- empath75 6y 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 6y agoSounds like a recipe for prices spiking. It's going to be a rough ride.
- fierarul 6y 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.