Relative prices within the mix of things we own or would like to own will change IMHO.
My expectation is that we will see parallel inflation and deflation.
Ordinary things we buy each day or get out of a box from China may rise substantially IMHO. At the same time, the fiat price of many investment asset classes will fall.
These changes will reflect a reality that we are now substantially poorer, at least into the medium term.
That said everything can't go down relative terms to everything. That would be a mathematical nonsense. Whether the USD drops relative to other currencies depends on which countries print the most new money and the historic position of the USD as a reserve currency. Normally the reserve currency status would tell me that the USD will remain strong, at least during the crisis period however Trump is touting (but not confirming) multiple trillions of stimulus that probably can't come from anywhere but a printing press in present circumstances.
