I’ve been busy reading this week. Here are my favourite articles:
1. Stop buying clothes you’ll never wear. In other words, how to clean out your closet, wear stuff you own and stop buying new stuff. Click here to read.
2. Yikes! Companies are borrowing to pay dividends. Here’s a new twist on robbing Peter to pay Paul. With low, low interest rates, companies can use bond-sale proceeds to reward shareholders, says the Wall Street Journal.
3. A book we should all read. A nice litte write-up about “This Time is Different: Eight Centuries of Financial Folly,” a new book by two economics professors.
4. Life after the recession. Of course The Economist thinks it’s going to be grim. Still, it’s The Economist, so it’s worth a read.
5. What do you mean we haven’t hit the bottom? Economist Nouriel Roubini on why the U.S. housing market still has a ways to fall. (Which makes you wonder how our real estate market can keep going up). Click here.