Here's my latest warning: Do not be lulled into buying equities because there was a bounce in markets, where some losses were recouped. Or buying bec...

Bernanke and Paulson should invite their counterparts from Europe and Asia to Washington. Once there, they should lock them in a room, with a number of thugs from the Teamsters hired to act as security.

Washington should undertake a massive, temporary buyout of residential real estate in order to save its economy from years of turmoil and credit crisis.

This crisis is not about the failure of capitalism, globalisation or free enterprise. It is about the fact that there are two economies: the financial economy and the "real" economy.

The world economy nearly failed and a global effort by governments and central banks has pulled the system back from the proverbial brink. That's why only a global solution going forward will save the day.

Far be it from me to contradict one of the world's greatest stock sages and business analysts. But I will.

The de facto Depression underway worldwide will trigger consolidations. Strong will eat weak; cash-rich will eat debt-laden and consumer spending will shrink along with economies.