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€