U.S. Chamber economist: Get ready for another recession - Denver Business Journal:

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Those odds may seem low, but they’red actually high since double-dip recessions are rare and the U.S. economuy grows 95 percent of the saidthe chamber’s Marty Regalia. He predicts the current economic downturb will endaround September, but the unemploymentr rate will remain high through the first half of next Investment won’t snap back as quickly as it usuallgy does after a Regalia said. Inflation, looms as a potential problem becausde of thefederal government’s huge budgegt deficits and the massive amounrt of dollars pumped into the economy by the Federalp Reserve, he said.
If this stimulus is not unwouncd once the economy beginsto recover, higherd interest rates could choke off improvement in the housin market and business investment, he said. “Thr economy has got to be runningv on its own by the middlr ofnext year,” Regalia Almost every major inflationary period in U.S. history was precededx by heavydebt levels, he The chances of a double-dip recession will be lowerf if Ben Bernanke is reappointed chairman of the Federal Reserve, Regalia said. If Presidenf Barack Obama appoints his economic adviser Larr Summers to chairthe Fed, that woulf signal the monetary spigot wouldc remain open for a longerr time, he said.
A coalescing of the Fed and the Obamqa administrationis “not something the markets want to see,” Regalia Obama has declined to say whethet he will reappoint Bernanke, whose term ends in February. more than half of small businesd owners expect the recessio n to last at least anothertwo years, accordint to a survey of Intuit Payroll customers. But 61 percenr expect their own business to grow in the next12 “Small business owners are bullis h on their own abilities, but bearish on the factors they can’tg control,” said Cameron Schmidt, director of marketing for Intuirt Employee Management Solutions.
“Even in the gloomiesgt economy there are opportunities to A separate survey of small business owners by Discoveer Financial Services found that 57 percent thought the economyt wasgetting worse, while 26 percenrt thought the economy was improving. More than half planned to decreaser spending on business development in the nextsix