Skip to main content

The Globe and Mail

Carrick on money: Run for your lives, investors

Daniel Hurst/Getty Images/iStockphoto

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

Run for your lives, investors
David Stockman, a former aide to U.S. president Ronald Reagan, has written a blazing denunciation of almost every major economic decision in the United States since Dwight Eisenhower was in the White House. The book is called The Great Deformation: The Corruption of Capitalism in America, and it's the basis for this op-ed piece in the New York Times. Stockman's ominous conclusion: "When the latest bubble pops, there will be nothing to stop the collapse. If this sounds like advice to get out of the markets and hide out in cash, it is."

Now, take a breath. Here, six experts offer their rebuttals to Mr. Stockman's new book.

Story continues below advertisement

What you need to know about stock market corrections
The U.S. stock market has come a long way and there's a fair bit of concern right now that a normal pullback is coming. Here's some data that tells you how previous corrections have played out.

Let's play ball
To mark opening day for the Toronto Blue Jays, here's a look at the cost of a beer and a hotdog at various ballparks. The Jays did not respond to this survey, and you'll have an idea of why if you've visited their concession stands. Last time I took in a game, I paid more for a beer than for my ticket, and we didn't have bad seats at all.

More money
Join the 21,000+ 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.

Report an error Editorial code of conduct Licensing Options
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.