Great informative post. Im not a financial expert by any stretch of the imagination. I do like to educated myself on financials and whiele it seeems that there are currently several factors that could hurt the economy in the near future, i think a pension implosion will be one to do the most damage to the economy. Many people will be caught off guard just like they were when they saw their 401ks reduce by half due to the home crisis. Those folks unaware will not be able to retire due to thier pensions slashed or temp suspended and that will create immense strain on the government to rush out and find a solution which will lead to high market volatility and uncertainty.