By CCN: An analyst at vaunted investment bank Morgan Stanley made himself look like the village idiot Monday, saying America’s economic outlook is crumbling toward recession even as the economy booms. The U.S. Economy Is on ‘Recession Watch’ Chief U.S. Equity Strategist Michael Wilson spit out several data points while warning in a report that the U.S. is now on “recession watch.” He stated: “Recent data points suggest U.S. earnings and economic risk is greater than most investors may think… The U.S. economy is vulnerable to a more significant slowdown due to overheating last year from the fiscal stimulus. This
The post Morgan Stanley Rings Recession Alarm, Ignores Booming Economy appeared first on CCN
Read the original post: Morgan Stanley Rings Recession Alarm, Ignores Booming Economy