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Economics and Investing:

Loyal contributor C.D.V. sent this: US Housing Crisis Is Now Worse Than Great Depression [1]

Sovereign Man asks: What are the Social Implications of Economic Collapse? [2] (Thanks to James C. for the link.)

Nancy N. sent this: Roubini Says “Perfect Storm” May Clobber Global Economy [3]. 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 [4] 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 [5]

The Economic Statistics US Elites Keep Hush-Hush [6]

Newmont Mining CEO Sees Gold Heading to $2,000 [7]

Economic Data May be as Grim as a Bad Summer Movie [8]