Bars copied from previous recession. Average bear market = 36% drop in 11.7 months Risk/Indicators **Both Debt & Equity Bubble** - interest rates are at historical lows Debt
household debt
student debt
corporate debt
public debt
Equity People are leveraging to invest in Tesla, with P/E estimate for 2020... 93.51!!! S&P500:
1929 P/E = 21... depression
1973 P/E = 18... recession
2020 P/E = 20.4...?
global housing market bubble Trigger - Coronavirus kills boomers - USA has only tested 12000 people total - CDC underfunded - Ppl cant go to work = less income - companies make less money - massive supply shock (chinese manufacturing) = higher prices Result - decreased business earnings & household income - decreased consumer demand, decreased supply altogether = decreased GDP