A critical recession indicator is dangerously close to a threshold that's signaled every meltdown since 1960, Morgan Stanley warns

Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, denotes a key market divergence that bolsters a case for a recession over the next 12 months.
Shalett frames her argument around the firm's go-to recession indicator — which backs up her case with hard data.
The signal that's on the brink of flashing has preceded every single recession since 1960.
Click here for more BI Prime stories.In the 10-plus-year US economic expansion, fears of a recession have been few and