Well it looks like bogus Federal Reserve scams intended to prop up the DJIA don’t have the magic power that they used to. (As if proping up the DJIA was a valid goal inthe first place.)
So….
It’s official. Morgan Stanley has issued a “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. – Via Kos