Bloomberg Businessweek: Jen Not Buying Expansion Goldman-Morgan Stanley Pitching

Even with Morgan Stanley and Goldman Sachs Group Inc. sounding the all-clear, Stephen Jen is inclined to stay in the bunker.

The co-founder of London-based hedge fund SLJ Macro Partners LLC and former chief currency strategist at Morgan Stanley is pushing back against research by economists at his one-time employer and Goldman Sachs that the U.S. and global economic expansions have long to run.

“I don’t find their argument persuasive at all,” Jen wrote in a Sept. 9 note to clients. “I see the probability of recessions being higher, not lower.”

Read the original article on the ‘Bloomberg Businessweek’ website.

Posted on the 16/09/2014 at 2:20pm by joana.