This so-called "recovery" is just the eye of the hurricane. We are given a brief period of time to run out and gather what got loosened during the first half of the hurricane, but there is still the second half to hit us, and often it is the second half that causes the most damage. Economically we are still in trouble in the USA; we have effective unemployment of 16 or 17 percent, the commercial foreclosures are just starting to increase while the home foreclosures are still going strong, there is still a lot of fraud to uncover in the financial sector, and now the pension plans are in trouble. Also, we still haven't figured out what to do about all those trillions of dollars of worthless derivatives. Meanwhile tax revenues for local governments have plummeted and they are laying off people and forcing non-work days for the employees they do keep. If we make it to the end of this year without another major financial catastrophe, I will be very surprised. Pleased, yes, but surprised.

Good article. There is no recovery. All we are seeing is stabilization due to massive infusions of printed cash. Stop the infusions and the stability goes away. It is akin to a patient in the hospital on life support. Unplug the respirator and the patient dies. Some recovery.