How much longer?

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It’s nearly impossible to avoid a recession (or worse) at this point. On a macro level, the Shiller price to earnings multiple for the S&P 500 sits at just under 35. The all time high was 1999 at 44 and the mean is less thanhalf of the current ratio. High multiples are predictors of bad times ahead.

How much longer until the crash? 🤷🏼‍♂️
Sooner rather than later.

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Jonathan Poland

20+ years advising business leaders. Posts on business, finance, and notes from the journey. More @ jonathanpoland.com.