The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Skewering the ME ME ME Generation
Generation Y, also known as millenials, is having a tough time in today's world – tuition fees are rising, jobs are scarce and it's expensive to get a foothold in the housing market. Still, Gen Y attracts a lot of criticism from its elders. Example: This new takedown from Time magazine (I can only link you to an introduction because Time's website has gone subscriber only).
The Time article has generated plenty of response from the online community. Here, The Atlantic does something smart – it gathers magazine covers going back 100 years that ask the question: What's wrong with today's youth?
The Washington Post's Wonkblog disputes the alleged selfishness of Gen Y.
Here's a roundup of the "five best reactions" to the Time article.
A millennial answers back on the HuffPost website.
How global politics influence the markets
The head of Stratfor, a global intelligence firm, walks attendees at a global investing conference through recent political and financial events in North Korea, China, Europe and the United States. A refreshing change from your usual market commentary.