"Fears of a double-dip recession are overdone and the risks are now to the upside," Morgan...

|About: Morgan Stanley (MS)|By:, SA News Editor

"Fears of a double-dip recession are overdone and the risks are now to the upside," Morgan Stanley's (MS) Joachim Fels says, but he is concerned about long-term inflationary risks associated with "extreme monetary accommodation" and doubts that U.S. and European governments have the resolve to tighten fiscal policy.