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Economy

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S&P bear markets vs bull markets since 1929

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Ownership of US equity market since 1945

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DJIA 10/01/1928 thru 12/31/1954

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Cumulative net domestic migration

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Case-Shiller US home price indices (as of April 2023)

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A default cycle has started

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Bankruptcy filings moving up in recent weeks

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Auto loan transitions to serious delinquency approaching 2008 levels

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Prices (finally) declining since 1983

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Historical U.S. recessions since 1929

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