Economics and Investing:

Brian B. kindly sent this link: Financial Reform Is a Disaster For Banks, Consumers: Bove. Did you notice how the key topic of derivatives trading wasn’t even mentioned per se in this article?

California on ‘Verge of System Failure’. (Thanks to Brett G. for the link.)

Items from The Economatrix:

Global Systemic Crisis/Second Half of 2010: The Global System’s Four Single Points of Failure

The Euro’s Inevitable Failure Will Be Horrendous for All of Us

Spain Could Test the Euro to its Limits

Finding Gold in the Mainstream

Fresh Economic Worries Trigger Fresh Rush into Gold

Three Reasons You Should Buy Silver Right Now

US Homebuilding Craters After Tax Break Expires

Stocks Slide on New Concerns About Housing, Banks

May Home Sales Dip as Housing Market Struggles

Natural Gas Prices Drop for Third Straight Day