Corbyn more dangerous for markets than hard Brexit, warns Morgan Stanley

The BBC are eager to report that economic uncertainty due to Brexit is bad for the economy. They are less than keen to report that the prospect of a severely left wing, Marxist, Labour government under the leadership of comrade Corbyn and kneecaper McDonnell holds deep dangers for the UK economy.

'The prospect of a radical Left-wing lurch under Jeremy Corbyn is a more serious threat to British asset markets than Brexit and risks setting off a drastic repricing of UK plc, a leading US bank has warned.

Morgan Stanley has told clients that there is a two-thirds likelihood of snap elections in the second half of 2018 once it becomes clear that the UK cannot secure the sort of Brexit deal it wants and the Conservative Party starts to fracture, bringing political risk into sharp focus.

"We could see the biggest shake-up in the political backdrop since the Seventies. This is much more scary from an equity perspective than Brexit," said Graham Secker, the bank's chief European equity strategist.

The bank said the "double whammy" of Brexit and a Labour government together could prove toxic for UK stock markets, with the bank's full-blown 'bear case' leading to an economic recession... '

More here http://www.telegraph.co.uk/business/2017/11/27/corbyn-dangerous-markets-hard-brexit-warns-morgan-stanley/ but obviously not on the institutionally pro EU and pro Labour Party BBC.