NEIL DUTTA: An economic recession is a major long shot

Neil Dutta, the head of US economics at Renaissance Macro Research, spoke to Business Insider executive editor Sara Silverstein about what he sees as very low odds for a recession. He says financial conditions are easy, stocks are up, the yield curve is relatively steep, and economic indicators are looking solid - all factors he sees resisting a recession. And from a macro perspective, Dutta thinks that the US has "several years to go" before it's at real risk of one. He then goes on to say that the actual odds of a recession are below 10% right now.