Credit to Morgan Stanley for having generated several thousand acres’ worth of publicity for their research note last week that described the prospect of a Jeremy Corbyn government as “riskier than Brexit”. Given that Morgan Stanley were also one of the larger lobbyists against Brexit, it is difficult to know quite how to take their advice, other than to treat it as pari passu with most other unsolicited Wall Street research, i.e. highly conflicted and self-serving. Mr Corbyn was certainly happy to take the fight back to Morgan Stanley. It’s just a shame that this isn’t a fight in which both sides can lose.Forward, comrades, to the past !