Mellon's Reinhart: Current economic strength makes this no time for a recession

Money Life with Chuck Jaffe

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" that Americans hate the most and, in The Danger Zone, Kyle Guske of New Constructs revisits retailer Wayfair, a zombie stock that may have what shoppers need but which should have investors shopping for alternatives unless they're shopping for a total loss.