US Economy

I am currently sifting through the mountain of information on investing in shares/funds/commodities etc and was wondering how a recession in the US if it occurs would effect some of Australia’s leeading company values ie CBA and the likes. Also if it does adversly effect these companies to diversify and limit risk of loss in the face of a slide what are the better investment options, Gold? Thanks for entertaining the Q’s of an ignorant!

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