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Michigan's economic future; what are the prospects?

I wonder if I'm just an alarmist about future prospects for Michigan's economy or does the Lansing State Journal have a reporter that's looking through really rose-colored glasses.

In a story this morning, the State Journal reporter uses the same words that the Detroit Tigers and Detroit Lions and the Michigan State University football team have been using since almost the beginning of their existence. 

The story says Michigan's economy will go through a rebuilding phase next year as it tries to regain steam.

The housing market in mid-Michigan for the next year was described optimistically.  The area's top Realtor says homeowners will be just fine this next year.

Great news!  Let's revisit this story in six-months and then a year.

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