Consumer spending is kind of the foundation of the economy, and as of today in the US it's about to go into freefall. Especially services.
This fall is pricing in the inevitable waves of bankruptcies in the service industry.
This fall is pricing in the inevitable waves of bankruptcies in the service industry.
for services they could just automate making bookings with a deposit and not show up. or a little zoomba vacuum thing could show up.
wouldn't be inflationary as cash is being destroyed like mad as we are all replaced by robots, so that won't be a problem.