I don't expect them to. They didn't in 2008.
When I was talking to people in 2008... they knew that I and others were heavily investing in all aspects of the oil industry from drilling to gas stations/etc.
They told me that to handle the cost, rather than not consume, they withdrew retirement funds, delayed paying their mortgage, delayed paying taxes, cancelled insurance... lots of things, but never stopped consuming.
As an investor... I am expecting that same behavior pattern.
We're seeing huge jumps in construction materials and labor... haven't seen a slowdown their either.
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