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12-07-2009, 06:48 PM #1
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Recession Seen Lasting 20 Years
Recession Seen Lasting 20 Years
Monday, December 7, 2009 8:59 AM
By: Ellen Chang
The recession could last for a whopping 20 years, John Rosevear of the Motley Fool writes.
Rosevear points out that on Dec. 29, 1989, the Nikkei 225, Japan's benchmark stock index, reached a high of 38,957. However, on December 3, 2009, it closed at 9,977.67, a startling 74% decrease.
He predicts that the US will follow the same fate because of “excessive asset expansion,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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05-18-2024, 07:35 AM in General Discussion