All profitability will work its way to zero but this last bear market was slightly more manageable than 2015 so the severity could become less brutal and I think we can keep stacking .....etc.
I think most countries will keep printing and the ones with relative strength will still be ahead of the ones who have a Zimbabwe level currency collapse. I think the US will have like 10% inflation / year type of a thing.
It is hard to say though.