That either means the recovery won't actually materialise, because households won't want to borrow on that scale, or it means that the economy will remain vulnerable to an interest rate shock for the foreseeable future (if interest rates rise, the spending power of consumers would be devastated).
In 1970 Alvin Toffler wrote FutureShock, still one of my favorite futurist books, even though thefuture for which he tried to prepare us is in many ways already yesterday.
With the defense industry at a crossroads in the aftermath of the Presidential election, awaiting resolution of the fiscal cliff and thefuture of their relationship with the government, the sudden move at Lockheed comes as a shock.