$1 Trillion Stock Market Massacre Risks Igniting Global Recession

By CCN: Monday’s devastating stock market massacre wiped a staggering $1 trillion from equities valuations as the U.S.-China relations escalated into a full-blown trade war. American farmers, among the worst hit by the trade war, are saying they feel like “it can’t get worse,” but economists fear a global recession is next. Global Recession Will Bite if Trade War Escalates In a note to clients on Friday, Bank of America Merrill Lynch economists wrote: “A trade war,