I'm wondering what it will do to interest rates. Everything I read keeps saying they could be cut.
But what of the increase in prices we can likely expect as those supply chains falter and falling supply can't meet demand. Just like face masks, if they are hard to get the prices rise, many things could rise feeding into inflation. Then, as you say, with greater bankruptcy risk, interest rates could start to reprice to embody more of the risk of not being repaid. Already the insurance on company junk bonds has jumped.
