Morgan Stanley Cries Wolf on ‘June Gloom’ Economic Recession Flare

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By CCN Markets: Morgan Stanley economist Ellen Zentner told clients today that June may be a rough month in the economy, going so far as to ..[READ MORE]

Morgan Stanley is relying on its proprietary Business conditions index (bci), which reflects pivotal moments in the economy. The post-recession average for the Morgan Stanley BCI is 55.4. May’s number was 45. June’s number cratered to 13. The drop is dramatic, and panicked investors are probably noting the index is at the same level as during the 2008-2009 economic crisis.

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By CCN Markets: Morgan Stanley economist Ellen Zentner told clients today that June may be a rough month in the economy, going so far as to suggest "June Gloom" is looming. This comes on top of a similar warning two weeks ago from the very same wall street firm. The latest research note reportedly states:"The decline shows a sharp deterioration in sentiment this month that was broad-based.

Morgan Stanley Cries Wolf on ‘June Gloom’ Economic Recession Flare June 13, 2019 dan bitcoin comments Off on Morgan Stanley Cries Wolf on ‘June Gloom’ Economic Recession Flare By CCN Markets : Morgan Stanley economist Ellen Zentner told clients today that June may be a rough month in the economy, going so far as to suggest "June Gloom.

Morgan Stanley is relying on its proprietary Business Conditions Index (BCI), which reflects pivotal moments in the economy. The post-recession average for the Morgan Stanley BCI is 55.4. May’s number was 45. June’s number cratered to 13. The drop is dramatic, and panicked investors are probably noting the index is at the same level as during the 2008-2009 economic crisis.

Morgan Stanley Cries Wolf on ‘June Gloom’ Economic Recession flare june 14, 2019 admin Ethereum 0 By CCN Markets : Morgan Stanley economist Ellen Zentner told clients today that June may be a rough month in the economy, going so far as to suggest "June Gloom" is looming.

By CCN Markets: Morgan Stanley economist Ellen Zentner told clients today that June may be a rough month in the economy, going so far as to. Morgan Stanley Cries Wolf on ‘June Gloom’ Economic Recession FlareRead More