SamSpade, why not do a megathread covering your opinions on how the world in general is likely to handle the recession? I may not know enough to comment alot but I'd read it.
I don't really have the time, except to make passing comments.
As to how the world is likely to handle the depression (and I say depression because that's what it will be in the near future): Probably badly and with the wrong economic plans. Heck, with a couple of minor exceptions, the crisis up to this point has been handled horribly worldwide, so why should we expect any changes.