How Strong Will this Recovery Be?

While everyone seems to be in agreement that the recession is over (or nearly over, anyway), the debate du jour is about how vigorous the coming recovery will be.  The prevailing opinion is that it is going to be slow and shallow, given high unemployment and poor consumer spending.  Here is a different view, which argues that prevailing opinions are usually wrong and given the depth of the recession we just had, the recovery will be anything but shallow.