Unemployment at a 26 year high (9.7%)

[NJ5]

And some analysts still believe unemployment is a lagging indicator to the economy... not giving any attention to the fact that unemployment worsens the core reason for this recession (defaults on debt).

The economy may actually grow one of these quarters, but long term it's still very bad. Where is the momentum for a recovery going to come from? It certainly won't come from consumers since they are stuffed to the gills with debt, so the US central bank will keep printing money to cover public spending. This can cause the next disaster if nothing else does.

PS: Oh, and there's still the commercial real estate disaster waiting to happen.