Former JPMorgan Chase analyst: If the U.S. falls into recession, the whole world will be dragged down
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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
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