By James GlynnSYDNEY--The risks of a recession in the U.S. and global economies have soared to 60% from 40% with the announcement this week of the Trump administration's sweeping new tariff regime, according to Wall Street banking giant JPMorgan."Disruptive U.S. policies have been recognized as the…
  • Jo Miran@lemmy.ml
    15·
    24 days ago

    The direct effect would be the largest tax increase on U.S. households and business since 1968, which preceded the 1969-70 recession…

    Absolute clusterfuck.