Real Economic Recovery

In my daily reading, I came across an article by James Gaine that, in my opinion, put in simple terms what needs to happen for a real recovery of the U.S. economy. As we all know, the U.S. economy functions on borrowed credit. In the not so distant past that came to an abrupt halt. We are currently in the 23rd month of a recession. The average length of a recession since the Great Depression is 15 months. To come out on the other side, several things must happen: business must make a profit, household debt must revert to normal level, employment and home prices need to stabilize and rise and investor confidence must return. When we reach the critical mix of the aforementioned, we will then see a true recovery. To read the article in is entirety there is the link (http://recenter.tamu.edu/pdf/1916.pdf).