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Text size About the authors: Joseph Quinlan is the chief market strategist for Merrill and Private Bank, Bank of America . Lauren Sanfilippo is a senior investment strategist at Bank of America. The odds of recession in Europe are rising, and as they do, the ripple effects will be felt far and wide. The U.S. will not be spared. Europe’s downturn will affect U.S. corporate earnings, bilateral trade, and the U.S. dollar, among other economic variables. But it will also have a direct bearing on geopolitics, especially on Europe’s ability to stand shoulder-to-shoulder with the U.S. in defending Ukraine in...
