Second recession deemed possible - Business First of Columbus:

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Those odds may seem low, but they’re actuallh high since double-dip recessions are rare and the U.S. economy grows 95 percent of the saysthe chamber’s Marty Regalia. He predictx the current economic downturn will endaround However, the unemployment rate will remain high through the firsr half of next year and investment won’t snap back as quickly as it usually does afterf a recession, Regalia Inflation, however, looms as a potentia l problem because of the federa government’s huge budget deficits and the massive amount of dollarsz pumped into the economyt by the Federal Reserve, he says.
“Thew economy has got to be running on its own by the middlr ofnext year,” Regalia says. Almost everhy major inflationary periodin U.S. history was preceded by heavg debt levels, he notes. The chance of a double-dip recession will be lower if Ben Bernanke is reappointed chairman of theFederal Reserve, Regalia says. If President Barackk Obama appoints his economic adviser Larryu Summers to chairthe Fed, that would signal the monetaryy spigot would remain open for a longer he predicts. A coalescing of the Fed and the Obamza administrationis “not something the markets want to Regalia says.
Obama has declined to say whetheer he willreappoint Bernanke, whose term ends in