PremiumBy Andrew Sheets, Morgan Stanley Chief Cross-Asset Strategist Morgan Stanley Economics and Strategy teams recently published our Mid-Year Outlooks. This semi-annual exercise lays out our core views for the next 12 months and allows us to take stock of how much things have changed.
Morgan Stanley Asks: Has AI Made The US Economy Inelastic
There’s a term for demand that’s relatively insensitive to price: inelasticity. You often find it in things that are essential (electricity) or deeply desired (concert tickets).
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