Every Hiking Cycle Over the Last 70 Years Ends in Recession or a Financial Crisis. ‘It’s Not Going to Be Different This Time,’ Morgan Stanley Strategist Says

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“Every rate hiking cycle of the last 70 years has ended in recession (c. 80% of the time) and/or a financial crisis… His comments came after three U.S. banks have collapsed, as federal authorities organized major banks to deposit $30 billion into First Republic Bank FRC, +3.57% to stave off a fourth. “At this stage, […]

Every Hiking Cycle Over the Last 70 Years Ends in Recession or a Financial Crisis. ‘It’s Not Going to Be Different This Time,’ Morgan Stanley Strategist Says Read More »