Economics and Investing:

Reader Troy W. spotted this: Guess What: The Next Housing Bubble is Already Underway

Mr. W. sent this: A List of the Next Banks to Fail

The Daily Bell asks: Derivatives don’t need regulation?

Jeff B. sent us this: Worldwide Diesel Glut Could Slam Oil Prices. [JWR’s comment: Wait a few weeks before you refill your retreat’s fuel tanks! The recent 18 cent jump in the price of diesel is sure to see a correction.]

Items from The Economatrix:

Friday Follies: Failed Bank Tally for Aught Nine Now at 101

Galleon Group to Shut Down Hedge Funds

Administration Plans Big Pay Cuts at Bailout Firms

Stocks Turn Lower As Note on Banks Spooks Investors

Fed Survey: Housing, Manufacturing Drive Recovery

Chain Restaurants Struggle, Compete for Customers