What Canadians are thinking about retirement.
Check out Fidelity's Canada survey results below:
http://www.fidelity.ca/cs/Satellite/doc/reitrementsurvey2012.pdf
The Canadians are coming! - Americans protest Canadian invasion
http://www.cbc.ca/news/canada/british-columbia/story/2012/08/12/bc-bellingham-costco-canadians.html
Easier border crossings for Canadian air travellers?
http://www.torontosun.com/2012/08/14/nexus-clears-the-way-for-airport-passengers
Trading the G10
Secondary currency markets making gains:
More on the bond bubble - The Bond Market is The Next Catastrophe
Peter Schiff - 08-06-12 : "I think the glory days are over for the Bond market ,may be they are not over today , I have been saying this for a while just like I was warning earlier about the housing bubble , I think more investors who have sought out bonds as an alternative to weak performance in stocks , I think that's where the next catastrophe is going to be as far as catastrophic losses and not just in treasury as I think any long term debt instrument denominated in dollars is going to go down but particularly sovereign credit people perceive it as being safe , the way I look at it there is only two alternatives for bond holders , either they lose due to default or they lose due to inflation and the default risk even includes treasury's..."
Video interview here: http://www.youtube.com/watch?v=uYY7Q1wnpgA&feature=player_embedded
[Notes & Source: Peter Schiff is CEO and chief global strategist of Euro Pacific Capital Inc. Peter is a controversial (sometimes known as Dr. Doom for his bearish views) but popular figure in the media and is said to have correctly predicted the [U.S.] housing crash and subsequent Financial Crisis of 2008.]
From the "oops file" - computer loses hundreds of millions of dollars due to "glitch"
A tip of the hat to Barry Rietzhold at his "Big Picture" blog for this interesting post. Note his droll reference to government bailouts. Barry should know as he is the author of "Bailout Nation". http://bailoutnation.net/
"...about that Knight Capital snafu. They tried to bring a new computer trading technology online, they failed (miserably) to adequately test it and/or anticipate a variety of potential errors. It cost them nearly half a billion dollars. Their stock (KCG) plummeted 74%. The firm required a lifeline from outside investors, and numerous people were — or will be — sacked.
"A company, as happens quite often, screwed up royally. They were not bailed out by taxpayers, their losses were not externalized to third parties. The people responsible for the errors were not given a free pass, the global economy was not driven to collapse. No laws were broken. No new regulations were required to respond to this. There will not be Congressional hearings on this issue. All told, exactly what [was] supposed to happen happened."
http://www.ritholtz.com/blog/2012/08/upside-of-wall-st-failures/
