JP Morgan Asset Management's CIO warns of recession as brutal first half draws to end

JP Morgan Asset Management’s veteran CIO Bob Michele calls the current period the most challenging in his career. He kicked off his Wall Street career during the stagflation crisis of the early 1980s.

Photo: Mike Segar/Reuters/Ritzau Scanpix

Bob Michele kicked off his Wall Street career during the stagflation crisis of the early 1980s.

More than four decades later, JP Morgan Asset Management’s chief investment officer says the economic outlook today looks even worse -- with a US recession now looking more likely than a soft landing.

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