campaign of denial and deflection and scapegoating. >> this is not the way we say it and of course, it's nice to have the mainstream media covering the economy but only cover it when they can use sesame's word of the day, recession. >> grover is my favorite long-tim resident of sesame street. he's furry and blue and what is not to like? he's not an economist. this is morgan stanley. >> opt for 25% on the balance $300 billion of imports from china and stay there four to six months time and china does take counter measures similar to overnight then we will see global economy entering into recession in three quarters time, nine months time. >> he was focused as apparently the white house may be on a number of policies and economic indicators that could signal trouble ahead, trade war and bond prices slowing investment. thankfully, none of those indicators guarantee a recession