[RobRoy]

Hmmm. I always wonder why some articles say this could be so bad it could lead to a "recession" and I keep thinking, what is to stop a worldwide "depression".

When I started researching this about six months ago, I was actually surprised to see that this was not just a US Phenomenon. Heck, even Ireland is in on this.

This does give at least a little more credibility to those who have been saying this is not a normal real estate cycle.

Things are gonna get interesting in 2007.

[nopardons]

Lots of things are missing, which would cause a world wide depression and there hasn't been a world wide depression ( which was actually kicked off by WW I/the TREATY OF VERSAILLES, BTW )since the 1930s.

You need to read more world history and financial history. If you're REALLY interested, I can give you a wee book list, to get you started.