For those of you who took advantage of the 1% deal with RBC – we got a phone call and letter this week indicating that we will be getting the bonus next year. If you didn’t get a letter then give them a call to find out why.
The Amateur Asset Allocator (a great blog) wrote a pretty good post called What’s the problem with Detroit? Referring of course to the car companies.
Strange week in the markets – on Wednesday the TSX shut down and couldn’t get going again. I can accept that something broke but I would have thought their backup systems would be better.
Here is a good article from the New York Times about bonuses paid out in various investment banks. One of the problems with big bonuses is that they encourage short term behaviour at the expense of the long term.