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Morgan Stanley expects the inverted yield curve — harbinger of recession — in 2019

Sue Chang
Morgan Stanley expects the inverted yield curve — harbinger of recession — in 2019

The inverted yield curve is the four horsemen of the apocalypse of the economy—investors fear them because they have often preceded recessions in the past. Strategists at Morgan Stanley on Thursday predicted the yield curve will invert by middle of 2019 although they stopped short of issuing a recession warning.