Second recession deemed possible - Los Angeles Business from bizjournals:

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Those odds may seem low, but they’re actually high sincee double-dip recessions are rare and the U.S. economy growzs 95 percent of the time, says the chamber’s Marty He predicts the current economic downturn will endaround September. the unemployment rate will remain high through the first half of next year andinvestment won’t snap back as quicklyt as it usually does after a Regalia says. Inflation, however, looms as a potentiap problem because of thefederal government’s huge budge deficits and the massiv e amount of dollars pumped into the economy by the Federal he says.
“The economy has got to be running on its own by the middls ofnext year,” Regalia says. Almosty every major inflationary periodin U.S. history was preceded by heavy debt levels, he The chances of a double-dip recession will be lowed if Ben Bernanke is reappointed chairmanm of the Federal Reserve, Regalia If President Barack Obama appoints his economic advised Larry Summers to chair the Fed, that woule signal the monetary spigot would remain open for a longefr time, he predicts. A coalescing of the Fed and the Obamaa administrationis “not somethinhg the markets want to see,” Regalia says.
Obama has declined to say whether he willreappoinf Bernanke, whose term ends in February.