{
  "schema": "ForeGlassFragilityOverviewDescriptor",
  "schema_version": 1,
  "scope": "US financial-system vulnerability overview",
  "aggregate": {
    "value": null,
    "status": "not_estimated",
    "is_probability": false,
    "reason": "No validated aggregation of these differently scoped observations and conditional experiments has been established.",
    "reason_basis": "Perspectives carry genuinely different units and cadences; compare each entry's own unit/cadence field below rather than taking this reason on assertion."
  },
  "explanation_urls": [
    "/yield-curve-and-market-fragility",
    "/debt-service-and-solvency",
    "/keen-minsky-fragility"
  ],
  "reading_url": "/readings/fragility/latest.json",
  "structural_profile_url": "/education/vulnerability-evidence.json",
  "perspectives": [
    {
      "id": "market",
      "url": "/fragility-market",
      "type": "experimental_index",
      "evidence_kind": "observed",
      "status": "measured",
      "unit": "index points, 0-1",
      "cadence": "daily",
      "teaching": [
        "/yield-curve-and-market-fragility"
      ]
    },
    {
      "id": "debt-service",
      "url": "/fragility-debt-service",
      "type": "household_estimate",
      "evidence_kind": "observed",
      "status": "measured_factors",
      "unit": "% of disposable personal income",
      "cadence": "quarterly",
      "teaching": [
        "/debt-service-and-solvency"
      ]
    },
    {
      "id": "liquidity",
      "url": "/fragility-liquidity",
      "type": "corporate_ratio",
      "evidence_kind": "observed",
      "status": "measured_factors",
      "unit": "% of short-term liabilities",
      "cadence": "quarterly",
      "teaching": [
        "/refinancing-and-liquidity"
      ]
    },
    {
      "id": "contagion",
      "url": "/fragility-contagion",
      "type": "conditional_experiment",
      "evidence_kind": "conditional_experiment",
      "status": "withheld_pending_rights",
      "unit": "multiple of initial asset-weighted model distress",
      "cadence": "n/a - withheld pending source rights determination",
      "teaching": [
        "/financial-contagion"
      ]
    },
    {
      "id": "supply",
      "url": "/fragility-supply",
      "type": "observed_context",
      "evidence_kind": "observed",
      "status": "measured_factors",
      "unit": "% change from the same month one year earlier",
      "cadence": "monthly",
      "teaching": [
        "/external-and-supply-dependencies"
      ]
    },
    {
      "id": "fiscal",
      "url": "/fragility-fiscal",
      "type": "observed_context",
      "evidence_kind": "observed",
      "status": "measured_factors",
      "unit": "trillion current USD per fiscal year",
      "cadence": "annual fiscal year",
      "teaching": [
        "/fiscal-and-policy-buffers"
      ]
    },
    {
      "id": "keen-minsky",
      "url": "/fragility-keen-minsky",
      "type": "conditional_experiment",
      "evidence_kind": "conditional_experiment",
      "status": "conditional_experiment",
      "unit": "selectable: % of paired no-shock output, percentage points of employment, or percentage points of debt-to-output ratio",
      "cadence": "n/a - conditional scenario over an illustrative three-year horizon, not a recurring observation",
      "teaching": [
        "/keen-minsky-fragility"
      ]
    }
  ],
  "interpretation": "Descriptor only. Retrieve the linked artifacts for their own observation dates, vintages and identity; availability is not confidence. Missing measurements are not zero.",
  "structural_profile_id": "0cbc26fed1827ae8814041ea5dd810fc924e01e1df4016e8bff91b44c8ee305b"
}