Now, are we going back to 1985 growth rates or long term ones?
Predicting where the bottom is, in a capitulation situation, is risky business. I personally cannot see the fall ending at the blue line, so to speak. The green line? maybe nearer to it than the blue.
The insurance exposure is thought to be $400b in the US. I wonder how many underwriters can meet their commitments. Reminiscent of the Lloyd's names fiasco. Just on a bigger scale.