The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Smug Canada’s slow-motion housing crash
CBC senior Washington correspondent Neil Macdonald looks at what’s happening in Canada’s housing market: “I watched America's nightmare unfold, and it appears pretty evident to me that a sequel of some sort is coming to Canada.”
God save the Queen
A claim is made here that the best film to document the financial crisis is The Queen of Versailles, a new documentary about a Florida couple who set out to build the world’s largest home.
Affording the future
This infographic attempts to show how long it will take today’s university grads to get their debts paid off, on average, and how long it takes to save a house downpayment. You may be surprised at how many years we’re talking here.
Because I said so...
The advice here is not to tie the allowance you give your kids to chores they do around the house. You want kids to help out because you ask them to, not because there’s a financial reward.