Russian military staff have warned the US they may unilaterally use force against groups “systematically” violating the Syrian ceasefire from March 22. They accuse the U.S. of dragging its feet on responding to Moscow’s proposals on rules for joint monitoring of the Syria cease-fire and response to violations, saying that delays are leading to civilian casualties.
This morning's Brussels bomb attacks have led to risk-off sentiment across European asset classes, with Bunds higher and equities firmly in the red, although if the Paris terrorist attacks of November are any indication, today's tragic events may be just the catalyst the S&P500 needs to surge back to all time highs. FX markets have also been dominated by events in Brussels, with USD and JPY strengthening, while EUR and GBP softening throughout the European morning.
Authored by Paul Craig Roberts,
With much help from the failures of neoliberal economic policy and neoconservative foreign policy, we are changing the world.
Back in early February, Zero Hedge laid out what was the biggest crisis facing Canada's banks: a chronic under reserving to potential (and soon, realized) oil and gas loan losses.