WORRIED (Part 2 of 3)

How a correction brought on by a recession could be made much worse due to the 'tourist's five financial plumbing worries

A couple weeks ago, I wrote a piece that outlined how bearish I had become [WORRIED (Part 1 of 3)]. My main concern was that, since COVID, the risk of the economy slipping into recession had never been higher, yet the market was assigning less of a chance of this outcome than a year ago. The risk/reward for owning risk assets had become increasingly una…