Subject: Re: Krugman: Gaming Out a Sudden Stop
similar situation, although lightened risk mostly in nov 2024 with possibility of not being confident of normal equity weight until end of trump term. currently , market says no amount of leading indicators matter, and reinforced by sentiment for the most speculative junk other than biotech.

borrowing heavily from verdad ; there is near universal agreement across politics and wealth class when inside a true crisis. (as opposed to peak bubble)
we are nowhere close, and a mild recession may not put us there either.
make a plan for a true crisis and see if you can adhere?