There is a financial crisis in the future or not?

Yes.
We've seen the impact of the Debt Securities Defaulting Debacle this summer and how it has frozen up money, increased debt and shocked the market...all becuase a housing bubble popped. A bubble that has been brewing since the mid-90s, and been doing so largely because of house-flippers and speculators. This will be the equivalent of the Savings and Loan scandals of the 80s.
How do I know? Since August of this year, there have been more class action law suit filings from August to November than all of 06. These filings will be going to court, very likely in 08. BUT, the New York Attorney General is also getting involved. New York is filing its own lawsuits against the Finance Sector for the meltdown. Additionally, the SEC has also initiated some investigations into a lot of companies, with a lot of these investigations looking to go to court. Personally, I think the Class Action Suits are going to wait until the SEC is done. Why? Because the SEC has access to everything in a company, whereas a Class Action lawsuit does not. So if the SEC uncovers anything and a company is fined, this information is then public and can be used in a Lawsuit!!! So you know these lawyers are waiting in the wings for the SEC fallout, as well as the New York AG fallout.
This is going to have obvious ramifications in the market. Moreover, these lawsuits aren't just against banks and brokerages. Its against everyone involved in the process, from Moody's & Standard and Poor (for their ratings on these now-defaulted debt securities) to the individual loan officer engaging in predatory lending practices. There are even investigations into Home Appraisers appraising homes too high (Naturally, the one group getting away with the appraiser's faulty judgement is the Municipality the home resides in, as they were raking in the property tax doe on that one).
Oh, but there is more fund head. London's LIBOR rate impacts every Rate set by every Central Bank in the world, to include our Fed. London is experiencing a huge housing crunch too...right in London, which is looking to spill into the surrounding areas, and the UK atr large. This will have implications here, just as our fallout had implications there...
so, '08 is looking to be a facinating year, which is why I am putting my money in the GBP/JPY currency pair.

Good Luck.

There are constant ups and downs, a depression, doubtful.

The economy always goes up and down. However, better knowledge of how markets work means that recessions are less frequent and shorter than before.

However, big unforeseen events such as, say, bird flu that starts killing millions would crash markets. It's best to have some money in cash or cash equivalents just in case.

I would say it is unlikely, since the global economy is so healthy overall.

Yes recession is hot on our trail

there is always one in the future

but i don't know if it'll hit this coming week, next year, or in 2015.

nor do I know which country it'll be worst in, nor which industries will be most or least impacted.

yes, for sure. we just don't know when. rather than spending much time timing the market, it's always the best things to do to line up lists of stocks to buy/sell that time. this tips might help:

Good Stock Pick for Unlimited Profits Framework
http://www.stock-investment-made-easy.com/good-stock-pick.html
How to Find Good Stocks That Will Survive 2008 Market Crash
http://www.stock-investment-made-easy.com/how-to-find-good-stocks-that-can-survive-2008-market-crash.html
How to Pick Good Stocks That Can Make You Rich in The Long Run
http://ezinearticles.com/?How-to-Pick-Good-Stocks-That-Can-Make-You-Rich-in-The-Long-Run&id=864890

Please be wary of the 'doom and gloomers' As long as I've been in this business, they've been peddling the fact that "The sky is falling! The sky is falling!" Ironically, they do this every year, during what was one of the largest bull runs in recorded history.

It's interesting that this crowd, the 'doom and gloomers' generally do not understand that a market crash is understood not to occur for economic reasons, as much as for psychological reasons (See Wikipedia article on a stock market crash). Fear causes a crash. A crash, and a bear market are two totally different things.

A recession is not the end of the world. In some cases, it can be a healthy thing in the long run. All economic growth comes with some amount of contraction. Just a matter of educating yourself.

yes, actually the near future.

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