The ESM Won't Work, Central Banks Need to Lead

July 5 (Bloomberg) -- In today's "On My Mind," Bloomberg's Tom Keene discusses the need for central banks to lead the way out of the European debt crisis, rather than rely on the ESM. He speaks on Bloomberg Television's "Bloomberg Surveillance."

CIBC's Tal: We Need to Monitor Subprime Loans in Canada
25:45 - According to the latest report from CMHC, condo building activity in Toronto appears to be "well managed," unlike the 1980s housing bubble. Yet, BOC Governor Stephen Poloz recently addressed the pace of rising home prices in Canada's two hottest markets - Toronto and Vancouver. Benjamin Tal, deputy chief economist at CIBC World Markets, joins Bloomberg TV Canada's Amanda Lang to discuss the current state of the Canadian housing market, where it's headed and what measures need to be taken to "cool" foreign buyers. (Source: Bloomberg)
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