Forex expert Douglas Borthwick says recessions are a concept of volatility and there's very little volatility right now. Borthwick says the lack of volatility is because central banks are very involved in both economies and the markets. "For us to really see movement in the economy in terms of large negatives or big positives, you really have to wait until the Federal Reserve's balance sheet is rolled off." 

Borthwick said that move by the Federal Reserve may be seven years down the road. 

This article was written by a staff member of TheStreet.

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