RECOMMENDED ARTICLE BY Ambrose Evans-Pritchard

Today's first story is from Ambrose Evans-Pritchard from The Telegraph in London. It's a tragedy that if you want the hard news on what's going on inside the USA, you have to look in the foreign media to find it. I remember when it used to be the other way around...but that was decades ago. We've all been warned about the day that trouble showed up in Credit Default Swaps...well, that day has arrived. The headline reads "Fears of Lehman's CDS derivatives haunt markets." It's a 'must read' and the link is: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3211647/Fears-of-Lehmans-CDS-derivatives-haunt-markets.html