If 800 years tell us anything, debts, long recovery lie ahead.

The article shares the author's views regarding the book on 800 years of financial crises in the U.S. He states that according to the book, the stock market will take two or three years to get back to its peak, employment will need more than four years to creep back and houses prices needs seven to 10 years to recover. He adds that the nation has piled up too much debt and have trouble paying back their bondholders due to the attack of recession.