I do believe the article is spot-on about why there is no recovery from the crisis that actually reaches the population at large. The headline is a bit mislead

I do believe the article is spot-on about why there is no recovery from the crisis that actually reaches the population at large. The headline is a bit misleading, however. It's not that the bubble destroyed the middle class. The bubble was a way for the middle class to continue living a happy life despite the fact that there income share was continually being reduced. Instead of consuming on income, they consumed on the housing bubble. So it's not the bubble that destroyed the middle class - the article basically says so itself - it just delayed the inevitable and made the decline much more spectacular.