Surveillance: Financial Conditions with Peters (Podcast)
Bloomberg Surveillance
00:00
The Average Recession Multiple Is 14 Times What New Earnings Are
In a recessionary scenario, you can be down on earnings ten to 30 %. An average recession multiple is 14 times whatever those new earnings are. And then you put the average recession 14 times, you're about 34 hundred about as a first stopp before we can think about moving higher here. Ah, that would be our extreme left tail risk. But it is out there as a very low risk scenario.
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