CNBC yesterday reported on new warnings from Morgan Stanley analysts about the potential for a near-term recession (CNBC: Morgan Stanley says Economy on Recession Watch), including economic indicators that many in the restructuring and bankruptcy industry are closely tracking.

Relevant data points discussed include slowing manufacturing activity, notable dips in the U.S. services sector and the flattening of the yield curve.  Notably, some of the data pre-dates the recent re-escalation of trade tensions between U.S. and China.

More to come no doubt.