As another poster already stated this is going to do more than raise the cost of goods. Layoffs and hiring freezes are also a result of this.
Correct....but as this economy falls further, prices will raise. I use to buy a 100 foot, 5 foot tall roll of horse fencing for $70.00....not it’s $170.00 at Lowes. I don’t know of anyone that is buying now. If that holds true with other items, Lowes will be laying off. I understand the Home Depot has already closed 45 of their stores.