Investors worry about this chart

From MarketWatch.  This is the rate charged to weak copanies that need liquidity, blue.  The market value is in black.  Liquidity dries up for the weakest companies, and the market cashes because the rate triggers bottom fishing.   DSo, what we have is jun k yields telling exactly when Pelosi and Obama planned the recession, Q1 and Q2 of 2016.  None of the Kanosian crap about shifting the equilibrium point works, it is a Krugman fantasy.  Look at the timeline of the last three crashes, all of them happening on election boundaries.  There is a very high probability that MIT graduates numbskulls from their economics department.