No question but McFauld Lake or 'Ring of Fire' is about the best place to put one's speculative money at risk. It's already paid off for some and appears to have barely started.

Just about my only concern is the precarious state of the overall Global Economy should the US fall into a steep and long depression. Some say they are already in a recession and others say it's still unsure. So far markets are off but maybe only a fraction of what is possible if everything hits the fan.

Here is part of one person's take on what could be coming. If he's right I don't want to be over invested in any market, senior or junior.

An explosive situation
For months, we've been experiencing a liquidity crisis that has locked up credit markets. It's now apparent that the debt market was a disaster waiting to happen ... and that the collapsing housing market was all that was needed to end the wait.

The problem is, if you look at the catalyst for this crash, you'll see that the correction may have just begun. As of November, housing was 8.4% off its peak. That's right, a mere 8.4% decline has caused financials to melt down, homebuilders to go bankrupt, and the panicked Federal Reserve to ignore its inflation-fighting mandate and push through interest-rate cuts -- despite the highest inflation rates since 1990.

But how bad could it get? Well, Goldman Sachs (NYSE: GS) -- noteworthy for being the one big investment bank that was smart enough to not get burned by securitized mortgages -- has predicted that if there's no recession, the housing market will probably fall by 15%. If there is a recession, Goldman thinks prices could fall by 30%. That's a heck of a lot more than the current 8.4% decline.