Swedish police have arrested the man they accuse of plowing a hijacked beer delivery truck into a crowd in central Stockholm on Friday, killing four people and wounding more than a dozen in what they called a terror crime.
Shortly after we remarked most recently on the unprecedented Canadian housing bubble that has migrated from Vancouver to Toronto, Gluskin Sheff's Chief Economist David Rosenberg joined the growing chorus of calls for government intervention into the Toronto housing market. In an interview on BNN, Rosenberg, who correctly called the U.S. housing bubble in 2005 when still at Merrill Lynch, said the massive deviation from historical norms has him drawing comparisons between the two situations.
Authored by Cyril Widdershoven via OilPrice.com,
Washington Has Crossed Russia’s Red Line
Paul Craig Roberts
According to Bank of America's Michael Hartnett, citing EPFR data, in the latest week through April 5, there were $7.4BN in outflows from equities, the largest in 40 weeks. At the same time, bonds recorded $12.4 BN of inflows, the highest in 8 weeks, with Treasuries posting largest inflows in 10 weeks as the "great reflationary rotation" crumbled once again. Curiously, this took place prior to the FOMC Minutes warning that stock prices are "too high."