[Chicks]

Morgan Stanley bear warns his bleak scenario for 2019 is taking shape

https://www.marketwatch.com/story/th...ape-2019-06-10

“The macro and micro economic data continue to deteriorate,” Morgan Stanley’s chief investment officer wrote, pointing to weak durable goods orders, disappointing capital spending, soggy retail earnings, lackluster freight shipments, and a “very soft” jobs number as evidence of an economy running on fumes.

“This raises the risk of my core view playing out — that companies will do whatever it takes to protect margins,” Wilson wrote. “And while labor is the last lever they pull, they will use it if they need to.”

Don’t be so quick to blame U.S.-China trade tensions, either, he said. “The economy was already slowing and escalation potentially makes things worse.”

Maybe a good old fashioned recession will finally rid us of this incompetent, criminal administration.