The best of the Web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
August is the cruellest month
It turns out that the current financial turmoil is not the only bad thing to have happened in August through history. Far from it.
The Cost Of Raising Kids
The Canadian Finance blog takes a look at the cost of raising kids. What makes this interesting is the use of inflation-adjusted numbers in categories like food, clothing and recreation.
Food For Thought
In uncertain times like these, it pays to understand all points of view on what’s happening and where we’re headed. Here are a couple decidedly pessimistic views on what lies ahead for the global economy, the first of them an analysis by the German magazine Der Spiegel called Is the World Going Bankrupt? The second is a video called Who Killed Economic Growth, which advances the idea that we have borrowed too much and depleted our resources to a point where we will have to live without the economic growth we have come to expect and depend on.
I Love My Bond ETFs
An investing blogger explains why he’s happy he owns bond ETFs. They’re exchange-traded funds – mutual funds that trade like a stock – that hold bonds issued by governments and/or corporations.
Follow us on Twitter: @globemoney
Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; Berman's Market Update, a summary of the markets at the open, noon and close; and All-Star Investors, a monthly collection of articles exploring an investing trend or theme.