A stock market crash only leads to recession if the preceding bubble was financed with debt. Which, sadly, might be the case this time due to leveraged buyouts

A stock market crash only leads to recession if the preceding bubble was financed with debt. Which, sadly, might be the case this time due to leveraged buyouts and buybacks. In 2008, the housing bubble was financed with easy credit. In 1929, the stocks were all bought on the margin. Then it's really painful to unwind the bubble. If that is the case this time around, we'll know when all those companies that bought their own shares back at inflated prices go bankrupt at the same time.