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Morgan Stanley Warns Business Conditions are Deteriorating Rapidly

Posted by Metals Corporate on

By John McDonald American businesses are in greater peril now than they have been since the 2008 financial crisis, and things could get even worse. According to Morgan Stanley’s proprietary Business Conditions Index (MSBCI), the U.S. business market experienced its sharpest collapse on record last month, indicating an economic slowdown could be heading our way. So far in June, the index has fallen 32 points, to level 13 this month from level 45 in May. Not since December 2008 has the index measured so low. “The decline shows a sharp deterioration in sentiment this month that was broad-based across sectors,”...

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