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I think you would really enjoy reading this book Reggie.

http://www.amazon.com/Holy-Grail-Macroeconomics-Revised-Recession/dp/0470824948/ref=sr_1_1?ie=UTF8&s=books&qid=1254421485&sr=8-1

It is very very easy reading, i read the first 150 pages in one weekend easily. It is an awesome AWESOME description with charts and data of how and why balance sheet recessions occur as well as how to see when they are about to end. The author is, in my view, without a doubt the most knowledgeable economist on these issues.

It left me with some very good stuff to think about on the future of the US and how the economy will look and possibly unfold over the next few years. I really couldn't recommend it more.