Former JPMorgan Chase analyst: If the U.S. falls into recession, the whole world will be dragged down
Former JPMorgan Chase Chief U.S. Equity Strategist Marko Kolanovic tweeted that if the risk of a U.S. economic recession is rising, then the risk of a global economic recession is also rising. Everything else is wishful thinking. The trade war is a global issue that is detrimental to global stock markets. Just like the 2008 U.S. subprime mortgage crisis, which dragged down Europe and Asia as well
Former JPMorgan Chase Chief U.S. Equity Strategist Marko Kolanovic tweeted that if the risk of a U.S. economic recession is rising, then the risk of a global economic recession is also rising. Everything else is wishful thinking. The trade war is a global issue that is detrimental to global stock markets. Just like the 2008 U.S. subprime mortgage crisis, which dragged down Europe and Asia.
