CNBC: Morgan Stanley – Even If the Fed Cuts Rates This Summer, It Could Be Too Late to Stop a Recession
“Morgan Stanley changed its forecast for global growth to ‘stagnation’ through the end of the year instead of a ‘continued recovery.’ “
Even the most bullish on Wall Street understand that the world economy is set for a slowdown. And while many investors may think that a Fed rate cut would keep the economy humming along, the reality is far different. Investors need to remain defensive and protect their assets against a coming stock market crash.
