Morgan Stanley executive director weighs in on gas prices, housing market

CHICAGO (WLS) -- There have been a lot of concerns about the economy recently regarding gas and housing prices.

Steven Esposito with Morgan Stanley joined ABC7 to go through some of them.

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Gas prices are starting to drop in the Chicago area, but Esposito gave his thoughts on whether we'll continue to see that.

Talks of a potential housing bubble have also been rising in recent days. Esposito discussed where he thinks we stand. He also spoke about whether he worries about a possible recession.