How the Coronavirus will hit... your wallet
My prediction: we will feel the financial effects of the coronavirus by summer.Factories in China are shut down. They supply parts to the world for automobile manufacturing. Demand is high and there will be shortages for both repairs and new vehicles.
It doesn't stop there.
Let's say that old washing machine of yours needs a new pump and none are to be found. If you cannot salvage one from the junk yard, you could be forced to buy a new washer... that is if your appliance store can get one from their distributor.
Something to think about...
Comments (7)
Prices have already been inflated when Trump messed with the trade deal.
In that sense all our wallets will be effected, so we can expect the virus to have an impact...how could it not?
Your prediction will probably be proven accurate.
Market crash, people hoarding supplies creating shortages, Lobster prices have dropped as China isn't receiving shipments from American suppliers.
We are far from dependent on China.
Though I never thought about it at the time I purchased many of my appliances and such, most of them are made in the U.S.A, Canada, and Japan. It's not just most of my appliances either.
Yes, there will be financial effects. China will feel the brunt of it. Forbes has been quite biased about jobs growth and such. Partially why I use them. You never know which way they'll sway from one topic to the next.
We're not in any type of rough economic shape if congress would stop spending what we don't have.
No. We won't feel too much of any thing over all(unless the wrong people are in charge to over regulate, tax, fine, and spend us warp speed faster, back into oblivion again). Besides, apparently google and amazon has every one's back. Every thing's available and cheaper on the net isn't it?