Morgan Stanley issues full US recession alert

[Brundle_Fly]

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView&xml=/money/2007/12/11/cnusa111.xml

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.

No one saw this coming.... :sarcasm:

[NightWatcher]

1. funny how this makes UK news and there's nothing here

but another fed cut planned to delay the inevitable.

It's nice and cozy over here in the dark (USA)

[Brundle_Fly]

2. in here in the Canadian papers as well.

but nope not a sign of it in the US :shrug:

[Warpy]

3. They don't want to poop on the Xmas shopping parade

They want people who can still leverage debt on plastic to go out and spend like crazy, get those plasma TVs and Iphones and personal DVD players and all the other consumer junk the stores have in stock before they announce what we've all known for months some time in January, when retail stores are closing all over the place after bad sales because most of us aint that stupid and know we're already over our heads in debt and they can't deny reality of all the "GOING OUT OF BUSINESS! CLEARANCE! EVERYTHING MUST GO!" signs.

They're just trying to squeeze the last bit out of the credit bubble they can before it pops.

[Jim__]

4. I agree that it's somewhat expected, but it's still bad news - n/t

[Double T]

5. Morgan Stanley is a year late and several billion dollars short........

with this informative blockbuster. It is a good time to sell off the rest of America.

[Brundle_Fly]

6. kick for after dinner crowd.

[KoKo]

7. They must be Really Unhappy with Fed not lowering that Interest Rate Enough

to Bail them out....:D

[Brundle_Fly]

8. MAYBE YOU GUYS CAN KICK THIS

its not in the US Papers, and people need to know

[Cameron27]

9. Great

just terrific. Like I need a formal announcement.