Of course, the timing and force with which that process of recovery plays out will depend on the behavior of final demand. In that regard, the demand for capital equipment, particularly in the near term, could pose a continuing problem.
Unfortunately it’s mostly economists who understand that; most other people don’t. Also I hear very few complaints from people who are renewing a mortgage at a low rate and are now paying off their house more cheaply. Even though you sometimes hear the same people complaining afterwards that they are not earning anything on their savings.