1. Summer 2021: Inflation Or Temporary Price Disruption?

• A Free market fixes itself quickly - we got done with the virus and people had a choice on what to do.
  Mike& Shana stopped spending completely - holding on to all deals and they kept closing 
  New business was coming in and everything continued 
  Business is back and it is better than before 
  It becomes difficult to start all again (factories) 
  Re start is being difficult for some industries 

• Substitute items 
  

• Equilibrium - supply sometimes increases more than demand 
  

• Yo- yo effect or rubber band... many will actually go lower.  - it gets to a point where we don't need as much supply because people already bought what they needed - Prices are going to drop (example: masks) 
  

• Hackers and sabotage - people who were doing bad things. It created problems 
  Not related with the virus 

• Opportunistic people - they took advantage of the pandemic
  

• New opportunities - Recycled plastic - stronger and cheaper 
  

https://www.bls.gov/cpi/

• Inflation - basket of goods --> how much it takes to buy this basket of goods
  increase in energy costs . About a year ago, oil had a negative value 
  Production was centralized and if something happened everything freeze.  
   
  

Real Estate Word of the Day: https://www.realestateabc.com/glossary/

• Inflation:
  

  • The general increase in prices and fall in the purchasing value of money.  The same consumer basket of goods costs more over time due to inflation.  Inflation may be slow and steady, or steep and hyper depending upon the economics of the currency.