2014-2016 collapse in oil caused an industrial recession and regional pain, but overall US economy continued to grow.
Bearish case for 2020: collapse in oil is accompanied by unprecedented pressure on travel.
Generally pays to think long term with this level of fear.
Travel...restaurants, movie theatre, theme parks, events/event spaces, brick-and-mortar retail, etc. Lot of stuff is under threat and all of the above businesses have suppliers, banks, landlords etc. who may not get paid. Good potential for financial contagion, imho.
