Nickname: History Maker

Review: This will be the biggest record for debt defaults since the 1929 or 1987 crashes. This grand country of ours is burdened with debt that will never be paid and banks will charge off the difference from their original loan amounts. This time around will be the granddaddy of them all. We have yet to see the tip of the iceberg. Financial institutions will be up to their eyeballs in foreclosures and non-performing assests.

Date reviewed: Jul 25, 2006 8:16 PM

Nickname: John Law

Review: We also didn't have the record levels of debt, competition with China & India for oil, and American troops in Iraq during the last downturn. If anything, this time around looks a lot worse for the economy. I'm slowly exiting long positions on up days and going to all cash/bonds if necessary.

Date reviewed: Jul 24, 2006 6:33 PM

Nickname: Rich

Review: Why don't you recommend investors to play short and buy puts? I have been doing this on the homebuilders since the beginning of the year and have been quite successful. I have to respectfully disagree and say that none of these stocks are a good buy and should be avoided if you are looking for a long position.

Date reviewed: Jul 24, 2006 1:29 PM

Nickname: Hangs in Museums

Review: "The recovery probably won't be as tough this time, Zandi says, because the job outlook is much better. It helps that the real estate correction isn't coming at the same time as big defense cuts and a general recession, as in the early 1990s". And you know this how? We are just at the top of the parabola, about to descend into a recession that could be a lot worse than those of the last few decades.

Date reviewed: Jul 24, 2006 6:16 AM