How to Prepare for a Recession

The U.S. economic outlook is bleak— but just how bad is it going to get? In the three trading days since President Donald Trump announced his“ Liberation Day” tariff regime, the S&P 500 fell 11 percent and J.P. Morgan put the odds of a U.S. and global recession at 60 percent, while Goldman Sachs raised its odds to 45 percent this week. “Don’ t even look,” Mark Zandi, the chief…