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There won't be recovery as long as there is a treasury bubble. Rates of nothing for short term to a few percent for longer term are completely artificial based mostly on the greatest fool Fed and inevitable and endless QE (the other factor being a bit of deflation propaganda that is wearing thin for anyone who buys anything or looks at precious metal prices).

What is needed right now is a complete renunciation of the QE insanity, a one time inflation shock to get past the debt crisis and then a market-driven rise in interest rates. Until mortgages cost 10% or more, there will be no economic recovery. People need only look at the early 80's, adjustment to the reality of market priced (higher now but lower later) interest rates was difficult but produced an extended boom and much economic and technological innovation until it was undermined by Greenspan and his economically worthless carry trades, financial "innovations", fake spreading of risk, etc.