Is Recession Headed Our Way? Morgan Stanley Seems to Think So!

One wonders, when we see a headline like this one on MarketWatch today.

Here is a brief summary of their analysis:

"The business environment is deteriorating — fast.

"That is according to a gauge of business conditions tracked by Morgan Stanley, which said in a recent note that its proprietary Business Conditions Index, or MSBCI, fell 32 points last month, marking its sharpest collapse since the metric was formulated. The gauge touched its lowest point since the 2007-08 financial crisis."

Here is a similar headline on Zero Hedge: