JPMorgan chief economist no longer expects a US recession

<p>JPMorgan economists now no longer expect a US recession 'this calendar year'. </p><p>This is one of those instances where it becomes abundantly clear that the consensus has moved from recession…to mild recession…to soft landing…to no landing. I still think there's room for optimism in risk assets because so much money that was on the sidelines is looking for a dip to buy but we're likely past the easy money phase.</p><p>Here's the note:</p>

This article was written by Adam Button at www.forexlive.com.