Once the recession is no longer exerting pressure against price boosts, the deficits can cause them to speed up again.
Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that economic pain will persist.
60% chance of global recession: Pimco Brace yourself for another recession and more economic volatility. Bond giant Pimco believes there is a 60% chance of another global recession in the next few years.
June 12, 2013 - CNN Money
60% Chance of Recession: Pimco High debt levels have raised the chances of a global recession in the next three to five years to more than 60 percent, said Pimco, which manages the world's largest bond fund.
June 12, 2013 - CNBC via Yahoo! Finance
Pimco Sees a 60% Chance of Recession in 3-5 Years High debt levels have raised the chances of a global recession in the next three to five years to more than 60 percent, said Pimco, which manages the world's largest bond fund.
June 12, 2013 - CNBC
Barack Obama in ABC News The recession dug us a hole of about 8 million jobs deep, and we continue to fight headwinds from volatile global markets, so we still have a great deal of work to do to repair the economy and get the American people back to work,Obama said.
Phil Gramm in FOXNews If the public-option plan is in there, as a matter of conscience I will not allow this bill to come to a final vote, because I believe the debt [incurred by the bill] can break America and send us into a recession that is worse than the one we are... Joe Lieberman http://www.google.com/url?q=http://en.wikipedia.org/wiki/Joe_Lieberman&source=dictionary&usg=AFQjCNGOIPwMWmBmG_bXFxt6Y1inBkJAzQ Voice of America http://www.google.com/url?q=http://www.voanews.com/english/2009-11-08-voa21.cfm&source=dictionary&usg=AFQjCNEkKYe2D26xGn5N8E-nhWF3qLQecA Nov 8, 2009
81057 108925 recession You've heard of mental depression; this is a mental recession," Gramm, a former Texas senator, told the newspaper, adding that the presumptive Republican nominee will face an uphill battle fighting those perceptions.