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Morgan Stanley issues full US recession alert

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posted on Dec, 12 2007 @ 01:46 AM
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Morgan Stanley issues full US recession alert

Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads.

In a report "Recession Coming" released today, the bank's US team said the credit crunch had started to inflict serious damage on US companies.

"Slipping sales and tightening credit are pushing companies into liquidation mode, especially in motor vehicles," it said.

More...


Good gawd...

This truly is like watching a slow train wreck.

:shk:

EDIT:

More...



Merrill forecasts gloom for US economy

"We reiterate that real estate deflations are unique and have never ended well for the consumer, the credit market or the economy. We can identify only five periods post WWII when the real value of housing assets turned negative on a year-on-year basis. All of these time periods inevitably included a consumer downturn. Maybe it will be different this time, but we fail to see why," Mr Rosenberg concluded.



[edit on 12-12-2007 by loam]




posted on Dec, 12 2007 @ 01:52 AM
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Recession talk increases. Dick Berner of Morgan Stanley tends to be cautiously optimistic; when he says
A mild recession is now likely: We expect domestic demand to contract by an average 1% annualized in each of the next three quarters, no growth in overall GDP for the year ending in the third quarter of 2008 and corporate earnings to contract by 5-10% over that longer period.




The report by Morgan Stanley above makes it sound a little less disasterous. However, I think that it is much more serious than they are leading on.



posted on Dec, 12 2007 @ 03:24 AM
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Originally posted by Karlhungis
The report by Morgan Stanley above makes it sound a little less disasterous. However, I think that it is much more serious than they are leading on.


Of course it is much more serious than they are telling you. The worse the news is the more speculation you will get, which, of course, they want to avoid.



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