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Economics and Investing:

Reader Troy W. spotted this: Guess What: The Next Housing Bubble is Already Underway [1]

Mr. W. sent this: A List of the Next Banks to Fail [2]

The Daily Bell asks: Derivatives don’t need regulation? [3]

Jeff B. sent us this: Worldwide Diesel Glut Could Slam Oil Prices [4]. [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 [5]

Galleon Group to Shut Down Hedge Funds [6]

Administration Plans Big Pay Cuts at Bailout Firms [7]

Stocks Turn Lower As Note on Banks Spooks Investors [8]

Fed Survey: Housing, Manufacturing Drive Recovery [9]

Chain Restaurants Struggle, Compete for Customers