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re: How bad is inflation and economic collapse about to be?
Posted on 4/28/21 at 2:46 pm to SDVTiger
Posted on 4/28/21 at 2:46 pm to SDVTiger
quote:
Weird. Where I'm at now that we are open its raging
Where I’m at it’s open and while certain businesses are doing good such as restaurants, others are not. Places that manufacture goods, process raw materials or food such as chicken, beef, fish processors or lumber mills. Lack of labor to do the work is main issue. Service industry doesn’t keep the economy going and that industry also relies on the manufacturers and the processors. Cost of goods is going to skyrocket along with the dollar devaluing so those of us who are in the middle or upper middle are going to take it on the chin because we don’t get stimulus money or pay raises when they increase the MW.
When that happens your local stores and restaurants will take it on the chin because the above people keep those places in business. They no longer will be able to afford to eat or shop there and will be hitting up McDonalds, Walmart and Amazon so they can afford their mortgage payments
Posted on 4/28/21 at 2:49 pm to deltaland
quote:
Service industry doesn’t keep the economy going and that industry also relies on the manufacturers and the processors.
You are already seeing product shortages outside of the normal seasonal things... When they are not available then they cannot be sold...
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