Economics and Investing:

Jim W. suggested this chilling piece abut the next wave of house price declines: Keith Jurow: Prepare For The Coming Housing Collapse

Greek energy crisis could cause national power blackout in June. (Thanks to Ian R. for the link.)

PIMCO’s Gross warns of economic “breaking point”

Nobel Laureate Says Globe Headed For Financial “Breakdown” and “Radicalism”

Chris G. flagged this bad news: Time Bomb? Banks Pressured to Buy Government Debt

Items from The Economatrix:

Some derivatives news: The Second Act of the JPM CIO Fiasco Has Arrived — Mismarking Hundreds of Billions in Credit Default Swaps

Another Housing Collapse Is Coming Soon

What’s Next For Gold And Silver?