Want to create an interactive transcript for this episode?
Podcast: Money Life with Chuck Jaffe
Episode: Mellon's Reinhart: Current economic strength makes this no time for a recession
Description: Vincent Reinhart, chief economist and macro strategist at Dreyfus - Mellon, says investors should "Never count out recessions," but he notes that the chances of one happening amid current economic strength are low, less than the 15 percent of the time that recessions normally happen. Moreover, he notes that recessions now and in the future may not look the way recessions did before the turn of the century. New York Times columnist Peter Goodman discusses his new book, "How The World Ran Out of Everything," Bryce Colburn of USA Today Blueprint talks about a recent survey on the "junk fees" t...