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Economics and Investing:

Brian B. kindly sent this link: Financial Reform Is a Disaster For Banks, Consumers: Bove [1]. 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’ [2]. (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 [3]

The Euro’s Inevitable Failure Will Be Horrendous for All of Us [4]

Spain Could Test the Euro to its Limits [5]

Finding Gold in the Mainstream [6]

Fresh Economic Worries Trigger Fresh Rush into Gold [7]

Three Reasons You Should Buy Silver Right Now [8]

US Homebuilding Craters After Tax Break Expires [9]

Stocks Slide on New Concerns About Housing, Banks [10]

May Home Sales Dip as Housing Market Struggles [11]

Natural Gas Prices Drop for Third Straight Day [12]