‘This is not a one-off’: The global investment strategist at a $124 billion firm explains how the banking crisis could spread to other sectors and create a recession much sooner than anyone expects

• Nanette Abuhoff Jacobson believes that Wall Street remains too optimistic about the banking crisis.
• Jacobson says that the crisis could contaminate other sectors and aggravate a looming recession.
• She also explained how she’s positioning for both the slowdown and post-recession recovery period.

On the surface, it seems like the most immediate repercussions of the recent banking crisis have been dealt with.