A mandatory evacuation notice was issued for the whole city of Fort McMurray in northern Alberta, Canada on Tuesday after a raging wildfire began spreading uncontrollably The wildfire raged unchecked through the city of Fort McMurray overnight as authorities raced to complete the evacuation of its population of 80,000, fearing that hot, dry winds forecast for Wednesday would further fan the flames. We’re getting out. Fire seems to be crossing Highway 63.
Two days ago, when looking at the latest "Senior Loan Officer Opinion Survey on Bank Lending Practices", we showed that Fed lending standards had tightened for the third quarter in a row, and pointed out that in recent history this has never happened without either a default cycle, or a recession, following immediately after.
While there was no unexpected overnight central bank announcement unlike yesterday's surprise by the RBA which unleashed volatility havoc in the FX market, which promptly spilled over into all asset classes, overnight stocks around the world saw another leg lower without a tangible catalyst, while EM currencies fell to a one-month low after two Fed presidents raised concern investors had become too complacent in their belief that U.S. interest rate raises will stay on hold.
Prince’s former assistant, Mariah Brown, has said that Prince appeared to be completely healthy and energetic just moments before his death – hinting that she doesn’t believe that Prince died a natural death. Brown says that Prince never drunk alcohol and didn’t do any drugs, “he was a very, very healthy person. … That man has more energy than me, and anyone I know,” she told the Associated Press. “The whole death didn’t make sense to me.