Second recession deemed possible - Denver Business Journal:

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Those odds may seem low, but they’re actuall y high since double-dip recessions are rare and the U.S. economgy grows 95 percent of the time, says the chamber’es Marty Regalia. He predicts the currentg economic downturn will endaround September. However, the unemploymenyt rate will remain high through the first half of next year andinvestmenft won’t snap back as quickly as it usually does afterf a recession, Regalia says. Inflation, however, looms as a potentia problem because of thefederal government’s huge budgetr deficits and the massive amountf of dollars pumped into the economy by the Federak Reserve, he says.
“The economyg has got to be running on its own by the middlde ofnext year,” Regalia says. Almost every majof inflationary periodin U.S. historyh was preceded by heavydebt levels, he notes. The chancesw of a double-dip recession will be lower if Ben Bernank is reappointed chairman of theFederal Reserve, Regalia If President Barack Obama appoints his economicd adviser Larry Summers to chair the Fed, that would signap the monetary spigot would remain open for a longerr time, he predicts. A coalescing of the Fed and the Obama administratiobis “not something the markets want to Regalia says.
Obama has declined to say whetherf he willreappoint Bernanke, whose term ends in February.