OPINION (MS) – Now even one of the biggest banks in the entire country is openly admitting that a “slowdown” is upon us. Over the past week or so, the mainstream media has been filled with chatter about the possibility of a recession and what that would mean for the Trump campaign in 2020, and we continue to get more evidence on a daily basis that economic activity really is decelerating. All of the numbers are pointing in the same direction, and I am going to share some brand new figures with you in this article. But first, I want to address what Morgan Stanley just released to the public. In a note that was just published,
Morgan Stanley’s chief economist unequivocally stated that “the wheels for a slowdown are in motion”… The downtrend in some global economies is becoming contagious as weakness in the manufacturing sector begins to spread, according to Morgan Stanley, which warned clients that “the wheels for a slowdown are in motion.” “Even as we have been revising our growth projections lower, we continue to highlight that the risks remain decidedly skewed to the downside,” Chetan Ahya, the bank’s chief economist, warned in a note published Tuesday. “We expect that if trade tensions escalate further … we will enter into a global recession (i.e., global growth below 2.5%Y) in three quarters.” READ MORE