It's not that a "new" recession is beginning "next year," it's that the recovery was a lie, and the old one never ended, which makes it a *drumroll please* ... Depression! In fact, this is going to be the Greatest Depression in human history, and will likely leave a dark scar through the decade.
The same thing happened in 1929, with the stock market crash. In 1931, all the mainstream economic publications and pundits and officials were declaring the "recession" to be "over." Two years later, in 1933, the world was in the depths of the Great Depression. Then of course we saw the rise of the far-right fascist states, which is of course already taking place in many places in Eastern Europe and increasingly in Western Europe as well.
The bailouts were not designed to solve the crisis, they were designed to save the banks from their own global folly. The mechanism was in debt exchange: governments bought the bad debt of the banks (bailout), and now YOU have to pay that debt through a rapid reduction in your standards of living (fiscal austerity measures).
What makes this a greater depression than that of the 1930s, is that the world is more heavily integrated and dependent upon the United States and its teetering monetary system (hence the moves to create a new global reserve currency through the IMF - Standard Drawing Rights); the major nations of the world are more indebted than ever, and as we see in Greece, Spain, Ireland, Portugal, etc., the debt crisis (like that of the 1980s) will spread rapidly, except this time it is spreading through the industrialized world, bringing the major nations of the world to their knees before the current and changing international and supranational institutions (the IMF, World Bank, EU, BIS, WTO, etc.), just as the 1980s debt crisis brought the Third World to its knees and under the "ownership" (or what political economists refer to as "supervision") of the IMF and World Bank.
Debt is slavery, and the world is shackled to the central banks (and the private banks that own them). Just as the outgoing Managing Director (and possible rapist) of the IMF, Dominique Strauss-Kahn stated last year, "Crisis is an opportunity," and then called for "a new global currency issued by a global central bank, with robust governance and institutional features."http://www.imf.org/external/np/speeches/2010/051110.htm
Another major difference between 1929-1939 and 2008-? is that the middle class was not so heavily indebted as it is now. There was no such thing as credit cards, mortgaged backed securities, student debt, etc. The middle class, hence, is finished, totally vaporized (just as was done throughout the Third World in the age of 'structural adjustment').
As the people become impoverished, social unrest accelerates (look at Greece, Spain, etc.), and governments become increasingly oppressive and militaristic. In such situations, major nations become increasingly war-mongering, just look at the United States today, running several major and some minor war theatres and occupations in: Iraq, Afghanistan, Pakistan, Yemen, Somalia, Libya, and now it looks like Syria is next and Iran isn't far behind. This situation, as it accelerates, will likely draw China and possibly even Russia into conflict with the US/West. It was World War II that got the world out of the Great Depression, and though the nature of war has changed in that it does not require a massive mobilization of the population (and thus, create an economic boom), it does remain a reflexive action of desperate politicians and military commands.
Further, 'Homeland Security States' are well in place, not to protect the people from "terrorists", but to protect the powerful from the people. If you actually look at what Homeland Security does, (and if you examine the largely unheard of "Fusion Centers"), you can see that "terrorists" are essentially defined as dissidents. Fusion Centers, of which there are roughly 35 around the United States, are local intelligence gathering and dissemination hubs, brining together the Department of Defense, Homeland Security, CIA, FBI, NSA, etc. (hence "fusion"), and collect intelligence and provide local authorities (police, etc) with "information". They have published several reports on how to identify radicals and terrorists, and among those identified are those who: support Ron Paul, support Cynthia McKinney, oppose the Federal Reserve, talk about a "new world order", talk about a "north american union", anti-war activists, environmental activists, etc.
Thus, dissent becomes treason, as it does in any society when it takes the path to totalitarianism.
This is why they LIE to you and tell you that there was an economic "recovery", when it was anything but. So we aren't waiting for a "Second recession," we are just waiting for people to actually wake up and realize we are in a Great Depression.