@ImperialAgent He's partly right because the the economy SHOULD have crashed between March and May when the banks were failing, but unlike in 2008 when the government waited months before buying up the sub-prime mortgages, the Federal Reserve acted immediately to bail out banks in real-time.

GDP is only positive because of massive government debt and spending ($600B in one month).

We're heading for a debt crisis and something between stagflation and hyperinflation.