The George W Bush Economic collapse began in August 2007. The markets finally hit bottom 18 months later in February 2009.
Last time the markets crashed and the economy slid into a recession, it took a year and a half, and the election of Barrack Obama in 2008 to begin to turn things around. If we are entering a similar Republican economic cycle, we’ll be seeing layoffs and downsizings through February of 2021.