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Economics and Investing:

Those #&%*#^@ derivatives! JPMorgan exec disregarded warnings on portfolio risk [1]

MC in Florida suggested this Zero Hedge article: Japanese Pension Fund Switches to Gold for the First Time Ever [2]

B.B. sent this: U.S. has Two to Five Years Before Financial Meltdown [3].

Items from The Economatrix:

Bank Runs Hit Greece [4]. (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.” [5])

As Europe’s Economic Outlook Darkens, US Risks Grow [6]

Oil Drops a Fourth Day on Rising U.S. Supplies, Greek Elections [7]

S&P in Third Straight Drop [8]