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Carrick on money: ‘We cannot afford the houses we are living in’

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

'We cannot afford the houses we are living in'

That's the conclusion of this well-researched and quite alarming summary of the Canadian housing market and the risks it presents to individual and government finances, as well as the economy. A must-read if you believe the stronger sales numbers of the past month mean it's onward and upward for housing. The authors of the report are the people at Canso Investment Counsel, a firm that specializes in managing portfolios of corporate bonds.

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How to stress test your mortgage

The Canadian Mortgage Trends blog looks at ways of minimizing the payment shock that comes when renewing a mortgage at a higher rate.

Trading Places

According to this post on the Business Insider website, Trading Places is the greatest Wall Street movie ever produced. On the occasion of this movie's 30th anniversary, here's an oral history of how it came to be made.

Hedge funds are for suckers

Bloomberg Businessweek goes to town on hedge funds, once considered to be the home of the investing world's brightest minds.

More money

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Join the over 30,000 people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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