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.
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.
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.