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Morgan Stanley: Risk of a global recession is 'high and rising'


Added 08-21-19 09:01:01am EST - “Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Morgan Stanley: Risk of a global recession is 'high and rising'”. Below is an excerpt from the article.

Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.

Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.

Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.

Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."

Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.

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