Economics and Investing:

Those #&%*#^@ derivatives! JPMorgan exec disregarded warnings on portfolio risk

MC in Florida suggested this Zero Hedge article: Japanese Pension Fund Switches to Gold for the First Time Ever

B.B. sent this: U.S. has Two to Five Years Before Financial Meltdown.

Items from The Economatrix:

Bank Runs Hit Greece. (Another news article quotes Greek President Karolos Papoulias: “[Greek Central Bank chairman] Provopoulos told me that of course there’s no panic but there’s great fear which can evolve into panic.”)

As Europe’s Economic Outlook Darkens, US Risks Grow

Oil Drops a Fourth Day on Rising U.S. Supplies, Greek Elections

S&P in Third Straight Drop