These 3 high-wire European risks could send the U.S. economy into recession

Desmond Lachman
These 3 high-wire European risks could send the U.S. economy into recession

Editor’s note: This article, first published on June 25, has been updated to reflect that Boris Johnson has been named the new British prime minister. At a time that U.S. stock markets are partying like there is no tomorrow, global bond markets, together with actions by the world’s major central banks, are telling a very different story. Stock-market investors would do well to pay heed to those warnings.