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Although the U.S. economy is expected to return to growth later this year, there is a danger of a second recession if monetary easing and a weak dollar leads to increased inflation expectations, a report said on Wednesday.

Massive stimulus spending and moves by the Federal Reserve to fuel economic activity is expected to jump-start the anemic U.S. economy in the last quarter of this year after it contracted 6.3 percent in fourth quarter of 2008.

But the Fed’s moves to boost the economy by slashing interest rates and buying up billions in government debt could have undesired consequences. It may fuel expectations for a return to inflation, adding to the uncertainty concerning the pattern and path of economic recovery.

The U.S. economy has the potential for a “double-dip” recession, similar to 1980 and 1982, as commodity prices rise on the back of a falling dollar and monetary easing.

KIRK showed signs of weakening. $5.00 should provide healthy resistance. Potential short with stop loss on the break above $5.00

TNDM couldnt break past $25.00 today. However if it breaks it tomorrow we will see new highs for the stock. Keep watching.

NWY doesnt have any strong resistance till $5.00 range. However for aggressive shorts, $4.00 should provide first line of resistance to short into.

CLWR is clearly looking weak now. With bunch of resistance, CLWR should provide for good short opportunity.

GHDX is a breakout chart. This is definitely overbought now, but has legs to keep moving higher. Wait for profit taking to begin to short into.

CHIC is approaching some key resistance levels now. 200dma will be crucial level. Failure to break past it, should provide shorting opportunity.

RT just wont go down. Bulls poured in again to push this stock higher after some profit taking. Wait for another pop to 3.75$ level to short into since its clearly overbought.

U.K. house prices unexpectedly rose for the first time since October 2007 after the Bank of England’s interest-rate cuts attracted buyers to the property market, Nationwide Building Society said.

The average cost of a home jumped 0.9 percent in March from the previous month to 150,946 pounds ($218,000), the mortgage lender said in a statement today.

Mortgage approvals rose to a nine-month high in February, evidence the slump in housing transactions may be starting to ease after a 15.7 percent drop in prices during the past year. The Bank of England reduced the benchmark interest rate to a record low of 0.5 percent last month and started buying assets with newly created money to fight Britain’s recession.

“It is far too soon to see this as evidence that the trough of the market has been reached,” Fionnuala Earley, chief economist at Nationwide, said in the statement. “The willingness of borrowers to return to the market is encouraging and likely to in part reflect the falling cost of borrowing.”

Economists predicted a 1.5 percent house-price drop on the month, according to the median survey estimate.

U.K. homebuilder Bellway Plc plans to “step on the gas” in land purchases as house prices may not fall much further, Chief Executive Officer John Watson said March 31. “There may well be further falls, but it’s not going to be another 25 percent, so you’re getting nearer to a bottom,” he said.

Central bank policy maker Spencer Dale said last week that there are signs the U.K. housing market has stabilized, though it still looks in a “bad state.” Economists at UBS AG and Goldman Sachs Group Inc. said last month that there may be evidence of “green shoots” as mortgage approvals pick up.

Banks granted 38,000 home loans in February, up from a trough of just 27,000 in November, Bank of England data showed this week. Lenders have hoarded cash after racking up more than $1.2 trillion in losses worldwide.

The U.K. economy shrank 1.6 percent in the fourth quarter, the most since 1980, and the Organization for Economic Cooperation and Development forecasts British gross domestic product will fall 3.7 percent this year.

A separate report showed labor unions clinched annual pay raises at a median 3.4 percent in the three months through February, down from 3.5 percent in the same period a year earlier, researcher Incomes Data Services said.