BofA: Markets Are Complacent About the Risk of a Recession Next Year
The trend is not your friend.
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A recession looms in 2017 if the U.S. economy maintains its current course, according to Bank of America Merrill Lynch.
Some of the bank's favorite early-warning signs are signalling "evidence of an imminent recession," according to a team led by Head of U.S. Equity and Quantitative Strategy Savita Subramanian.