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Carrick on money: Debt is normal, debt is sexy

Couple watching a large flat-screen television after a shopping spree.

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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.

Debt is normal, debt is sexy
A blogger notes how people are starting to talk about debt as if it's a status symbol.

No mercy here for people who try to rationalize their high debt loads.

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It's only a matter of time for Canadian housing
An Atlanta-based business consultant and strategist recently read a Canadian financial adviser's blog post on our real estate market and offered up this response. He thinks it's only a matter of time until our market takes a hit. Note: He sees rates climbing a lot higher and faster than Canadian economists.

Cracks in the case for the variable-rate mortgage
Mortgage broker David Larock says he still likes variable-rate mortgages, but the latest interest rate trends have made it tougher to pick between them and fixed rate mortgages.

Larock's case for variable-rate mortgages is made in this Carrick Talks Money video.

More money
Join the 36,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters.

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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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