Today the financial media is talking about green shoots and being the road to economic recovery. The headlines always has some spin to it. I'm not buying what the media is selling. The FDIC is bankrupt. The big money center banks have trillions of worthless assets that sit off their balance sheets in SPE's. A special purpose entity (SPE) (sometimes, especially in Europe, "special purpose vehicle" or simply SPV) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives. SPE's are typically used by companies to isolate the firm from financial risk. A company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk.
We won't have any type of recovery until all of this debt is worked through the financial system and defaulted on or paid back. Since many people do not have jobs and unemployment is rising. I suspect the later won't happen. Don't expect a government bailout. Whose going to bailout our government? You can't print worthless paper backed by nothing and producing next to nothing.