Day: January 12, 2008

Research: ALL TALK, NO ACTION

MORGAN STANLEY RESEARCH
DOWNUNDER DAILY:
ALL TALK, NO ACTION

January 09, 2008
Gerard Minack, Morgan Stanley Australia Limited+

Despite the chatter and worry, I still think most equity investors have not made a US recession their base case, and hence markets are not priced for the downturn. So far, in other words, the recession is all talk and no action.

(more…)

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