Coffee, cocktails, and cryptocurrency are all on the upswing. However, for what period of time?

<p>I'm about to become more relevant, as the cost of our morning and evening addictions is set to increase, due in large part to that blasted Coronavirus.</p> <p>As an economist, you may become enthused or concerned about matters that are difficult for the average person to understand — this is part of the isolation associated with the patch. When the economy affects everyday people, however, social 'outsiders' such as economists and scientists become more valuable to society.</p> <p>The epidemic has conditioned us to accept epidemiologists pontificating in the media — even if the 'epi' word is difficult to pronounce!</p> <p>Notifications that the price of a cup of coffee or a cocktail is about to increase should be greeted with excitement by the average person. These price increases help ordinary people grasp the economic concept known as supply chain difficulties. These are the actual changes that will increase another economic term in the next months, namely inflation.</p> <p>This highlights another economic concern shared by the majority of consumers/borrowers: rising interest rates.</p> <p>These price increases are critical to the central economic issue over which Wall Street and the global money markets are concerned, namely whether these price increases or inflation are temporary or permanent.</p> <p>Optimists argue that the impending inflation increase will endure for a brief period while the world's producers overcome the virus's limits. Pessimistic analysts predict that this will continue to drive inflation higher for an extended period. If these forecasters are correct, interest rates will rise sooner and more rapidly than currently anticipated.</p> <p>This will have an adverse effect on stock prices, high-yield investments, job creation, and economic growth. It is truly worth hoping that the inflation spike is transient and that strong economic growth occurs without concern for price increases.</p> <p>According to the ABC, "Restaurant and Catering Industry Association CEO Wes Lambert warned co