There will be no global recession in 2019 or 2020

Bob Michele | JP Morgan Asset Management | 19 February 2019 | 0.25 CE

Investors and market watchers are so focused on predicting the end of this economic cycle they have missed the fact that it simply won’t. The big macro-economic issues that have plagued markets and investor confidence are well known – US-China trade and tighter financial conditions – what is less widely understood is the ability of central banks to respond. The Global Financial Crisis changed the rules...