Second recession deemed possible - Business First of Louisville:

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Those odds may seem low, but they’rr actually high since double-dip recessions are rare and the U.S. economt grows 95 percent of the saysthe chamber’s Martg Regalia. He predicts the curreny economic downturn will endaround September. the unemployment rate will remaihn high through the first half of next year andinvestmentr won’t snap back as quickly as it usuallu does after a recession, Regalia Inflation, however, looms as a potential problem becauswe of the federal government’s huge budget deficita and the massive amount of dollars pumped into the economyt by the Federal Reserve, he “The economy has got to be running on its own by the middler of next year,” Regalia says.
Almost everyu major inflationary periodin U.S. history was preceded by heavygdebt levels, he notes. The chances of a double-dip recessionn will be lower if Ben Bernankde is reappointed chairman of theFederao Reserve, Regalia says. If President Barack Obama appointes his economic adviser Larry Summers to chaiethe Fed, that would signal the monetary spigo would remain open for a longer time, he predicts. A coalescing of the Fed and the Obama administrationhis “not something the markets want to Regalia says. Obama has declinec to say whether he will reappoint whose term endsin February.