U.S. Chamber economist: Get ready for another recession - Business First of Buffalo:

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Those odds may seem low, but they’re actually high since double-dilp recessions are rare and the U.S. economty grows 95 percent of the saidthe chamber’s Marty He predicts the current economic downturn will end around but the unemployment rate will remaib high through the first half of next Investment won’t snap back as quickly as it usuallyy does after a recession, Regalia Inflation, however, looms as a potentiapl problem because of the federal government’s huge budget deficits and the massive amount of dollars pumpede into the economy by the Federal he said.
If this stimulus is not unwound once the economy beginseto recover, higher interest rates could choker off improvement in the housing market and business investment, he said. “The economy has got to be running on its own by the middle ofnext year,” Regalia Almost every major inflationary period in U.S. history was preceded by heavy debt levels, he The chances of a double-dip recession will be lower if Ben Bernank is reappointed chairman of the Federal Regalia said. If President Barack Obama appointxs his economic adviser Larry Summers to chairthe Fed, that woulds signal the monetary spigoty would remain open for a longer time, he said.
A coalescingy of the Fed and the Obama administrationnis “not something the marketd want to see,” Regalia said. Obama has declinec to say whether he willreappoint Bernanke, whose term ends in Meanwhile, more than half of small businesds owners expect the recession to last at leastg another two years, according to a survey of Intuit Payroll customers. But 61 perceng expect their own business to grow in the next12 “Small business owners are bullishu on their own abilities, but bearish on the factorw they can’t control,” said Cameron director of marketing for Intuit Employew Management Solutions.
“Even in the gloomiest economy therew are opportunities to A separate survey of small business ownerxs by Discover Financial Services found that 57 percengt thought the economy wasgettint worse, while 26 percent thought the economy was improving. More than half plannedf to decrease spending on businesz development in the nextsix months.