Hmm...a lot companies going bankrupt while the economy "booms" - feels funny.
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Also i've been conflating the terms recession and market crash.
Off the top of my head (you might like Irrational Exuberance), I want to say Shillers PE would not differentiate between a market declining 50% then going up 200% and staying flat for 10 years.
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Thanks i'll check it out! I mean if the economy follows chaotic dynamics (and i'm almost sure it does) any prediction can be only short term, provisional and to be treated with skepticism.
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Agreed. Though, and you may agree, I might say that not even short-term predictions for the economy are much use.
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