Morgan Stanley expects the inverted yield curve — harbinger of recession — in 2019
July 12, 2018 at 16:26 PM EDT
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.