Loyal contributor C.D.V. sent this: US Housing Crisis Is Now Worse Than Great Depression
Sovereign Man asks: What are the Social Implications of Economic Collapse? (Thanks to James C. for the link.)
Nancy N. sent this: Roubini Says “Perfect Storm” May Clobber Global Economy. I love hearing mainstream market analysts go wild talking gloom and doom.
C.D.V. sent this: Gold to Reach $5,000 Due to Supply Shortage: Report An exhaustive report by Standard Chartered predicts that gold will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls.
Items from The Economatrix:
Investors Withdraw $3B in Stock Funds in May
The Economic Statistics US Elites Keep Hush-Hush