Your reaction to this article makes no sense to me because the author is telling us how we are not leaving the recession any time soon. Your post post seems to

Your reaction to this article makes no sense to me because the author is telling us how we are not leaving the recession any time soon. Your post post seems to imply that the author has something good to say, and I just don't see that at all. Quite simply it says that we have very small good signs, but most of the fundamentals are rubbish. Some choice quotes: "Yet even if the bottom in economic activity is in sight, a robust recovery almost certainly is not." "The National Association of Realtors estimates that up to 45% of existing homes sold were “distressed” properties—those in, or close to, foreclosure." (This whole paragraph is explaining that the unexpected rise in property sales is attributed to homes being sold in distress) "The tonic of lower interest rates has been dulled by the dysfunctional financial system." "That is bad news, not good news: banks are lining up to repay the money to free themselves from political interference, even though the loss of capital will constrain their lending. That increases the odds of a multi-year, Japanese-style credit crunch." Jeremy