Morgan Stanley Reflects on Lessons Learned From 2016

Looking back on 2016 predictions made by Morgan Stanley – a year of highly unpredictable events – the investment bank had both winners and losers. As it readies its 2017 predictions, there is one set of unpredictable events that are casting a long shadow over what will likely occur in the future. Political unpredictability frames thoughts as 2017 approaches Noting the biggest surprises of 2016 were “clearly” of a political nature, Elga Bartsch, Morgan Stanley’s Global Co-Head of Economics and Chief European Economist, has her mind on unpredictable political events. Expect the unexpected might be the mantra. In a December…