He explains CDS pretty well and makes it easy to understand.
Credit Default Swaps - Part I (11 minutes):
Credit Default Swaps - Part II (12 minutes):
"Mortgage Rates Snap Back to Lower Levels"
4 hours ago
World View & Market Commentary.
Forest first; Trees second.
Focused on Real & Knowable facts that filter through the "experts" fluff and media hyperbole. Where we've been, what the future may hold and developing a better way forward.