The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
The new rules of frugality
A list of things you should buy used – not new – including cars, books, baby clothes, books and DVDs.
What seems like a useful website is mentioned in this blog post – Freecycle.org, where you offer unwanted but useful things around your house to people instead of throwing them out.
Here's an overview of freecycling, including some other websites to check out.
Batten down the hatches
Nouriel Roubini, a rare economist who saw the global financial crisis coming, offers his very downbeat take on what's ahead for the global economy.
I'm not a big fan of borrowing to invest and one of the reasons is highlighted in this news story about how the regulator for the brokerage industry has seen an increasing number of cases of advisers recommending leveraging – that's borrowing in financial talk – without providing enough information on the risks involved.
Here's a column I wrote earlier this year on why you shouldn't borrow to invest.