TD Waterhouse presents MoneyTalk and book review

with Patricia Lovett-Reid, Hon. FCSI, CFP and Senior Vice President, TD Waterhouse Canada Inc.

Patricia Lovett-Reid is the host of MoneyTalk, a national prime-time television program on personal finance, airing every Monday at 8:00 p.m. ET on the Business News Network (BNN).

Each week, MoneyTalk provides you with useful information about money, investment strategies and financial planning matters. To view past episodes, please visit the MoneyTalk website at www.bnn.ca/moneytalk

IOU: Why Everyone Owes Everyone and No One Can Pay

Patricia Lovett-Reid reviews the book by John Lanchester

Lanchester has written a book that is witty, intelligent and simply “un-putdownable.” He tells us what the banking and debt crisis means for the average citizen — taking on the world’s economic meltdown in a way that many think will define the crisis for years to come. By describing events in a vivid and accessible style, Lanchester lends both humanity and depth to the topic.

Consider this analogy for what happened to the economy: You are driving in the desert at 100 kilometres an hour on a sunny day and then you suddenly decide to throw your car into reverse. Now, as we pick up the pieces, Lanchester helps us realize that the aftermath is going to dominate economics and politics for decades to come.

The information contained herein is current as of March 15, 2010.

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