Quote:
Tue 11 Dec ∞ Permalink

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.End quote.

—Morgan Stanley issues full US recession alert - Telegraph